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Business

Answered

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

Answer :

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Answer:

ADVANTAGE:

Less formal with fewer legal obligations

sharing burden

easy to get started

better decision making

knowledge, skills and experience

ownership and control

Explanation:

DISADVANTAGE:

profits must be shared

personal demands

taxes

no independent status

limits on developing business

lack of disability

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