Partnership Advantages And Disandvantages Flashcards
1
Q
Advantage 1
A
There is more capital invested compared to a sole trader
2
Q
Advantage 2
A
There are more ideas compared to a sole trader
3
Q
Advantage 3
A
There should be greater expertise
4
Q
Disadvantage 1
A
Profits have to be shared between the partners.
5
Q
Disadvantage 2
A
There could be disagreements between the partners
6
Q
Disadvantage 3
A
The business suffers from unlimited liability.
