Partnerships


	Partnerships
	Advantages 2-20 people You can have limited liability partnerships Shared responsibilty Shares can be sold to family and friends Drawings are paid to shareholders You can have silent/sleeping partners who invest without running the business The deed of partnership controls what happens New partners can mean more capital, ideas and skills	Disadvantages Without the deed of partnership, the business will end at a death Unlimited liability means that personal possessions can be taken The deed of partnership can be expensive and time-consuming Profits are shared but not equal Everyone is responsible for others and they might fall out Even with the deed the partnership might end on withdrawal or death No deed=all equal and liable for debts
	Evaluation (CONTEXT)

(CONTEXT)

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