Partnership Flashcards by Sofia Iannelli | Brainscape

Q

Positives of being in a partnership

A

Easy start up
Wider specialisation
Share the work load

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Q

Define partnership

A

Partnerships are joint owners in a business, a partnership can have 2-20 partners

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Q

Negatives of being in a partnership

A

Unlimited liability
Can cause conflicts
Not always an equal share

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