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  • Created by: 11CJames
  • Created on: 06-01-16 10:42


  • Partnerships have at least 2 owners and up to 20 owners.
  • They can employ many workers.
  • The business is unincorporated (the owner is the business and the business is the owner).
  • Unlimited Liability (could lose everything).
  • You should have a Deed of Partnership which details who contributes what to the business and who takes what from the business.
  • If there is no Deed of Partnership, everything must be split equally.
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