Question

help me computer exam​

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.

you'll have greater borrowing capacity.

high-calibre employees can be made partners.

• Disadvantages of a partnership include that:
• the liability of the partners for the debts of the business is unlimited.
• each partner is 'jointly and severally' liable for the partnership's debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts.

Explanation:

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Answer 2

Answer:

Advantages and disadvantages of a partnership business

1 Less formal with fewer legal obligations.

2 Easy to get started.

3 Sharing the burden

4 Access to knowledge, skills, experience and contacts.

5 Better decision-making.

6 Privacy.

7 Ownership and control are combined

8 More partners, more capital.

Explanation:

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