Question

Compare and contrast the different types of partnerships. Explain the advantages to a partnership. Explain the disadvantages.​

Answer 1

ADVANTAGE:

Less formal with fewer legal obligations

sharing burden

easy to get started

better decision making

knowledge, skills and experience

ownership and control

Step-by-step explanation:

DISADVANTAGE:

profits must be shared

personal demands

taxes

no independent status

limits on developing business

lack of disability