Partnership Flashcards
1
Q
business owned by . . .
A
2 people, share of decisions and profit
2
Q
unlimited or limited liability?
A
unlimited
3
Q
pros
A
more ideas, more secure decisions, more easy to raise investment, more growth as more financial access as more investments, easy to retain employees
4
Q
cons
A
unlimited liability, less profit per person, can lead to friction as disagreements occur
