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Card 6
Front
Define unlimited liability
Back
Card 7
Front
What is the difference between limited and unlimited liability?
Back
Card 8
Front
"When 2-20 people go into business together with a view to profit" is the definition of what business model?
Back
Card 9
Front
Define partnership
Back
Card 10
Front
Is a partnership always 50/50?
Back
Card 11
Front
Give two examples of businesses that are most likely to operate under a partnership.
Back
Card 12
Front
Why is a partnership better than a sole trader?
Back
Card 13
Front
Give 5 disadvantages of being in a partnership.
Back
Card 14
Front
What is a deed of partnership?
Back
Card 15
Front
Why is it advised for partners to get a deed of partnership?
Back
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