Question

explain any five merits of partner ship please don't write wrong answer here othewise I will report your answer​

Answer 1

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.

Answer 2

Merits 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.

hope it will help u.