Question

Explain any five advantages of Partnership.

Answer 1

Answer:

Advantages of a partnership include that: two heads (or more) are better than one. your business is easy to establish and start-up costs are low. more capital is available for the business.

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Answer 2

Answer:

Here's your answer.

Explanation:

Advantages of a partnership include that:

. two heads (or more) are better than one

your business is easy to establish and start-up costs are low

.more capital is available for the business

.you’ll have greater borrowing capacity

.high-calibre employees can be made partners

.there is opportunity for income splitting, an advantage of particular importance due to resultant tax savings

.partners’ business affairs are private

.there is limited external regulation

.it’s easy to change your legal structure later if circumstances change.

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