partnership organisation emerged essentially because of the limitations and failures of sole proprietorship discuss
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characterstics 1 individual ownership 2 personal control 3 individual risk 4 unlimited liability 5 no legal restrictions
Advantages * easy formation * quick decision * efficient management * business secrecy * flexibility * less expensive management limitation linitd cptl.risk and unlmtd liabilty.lack of mngmnt ebility . weak bargening power
Advantages * easy formation * quick decision * efficient management * business secrecy * flexibility * less expensive management limitation linitd cptl.risk and unlmtd liabilty.lack of mngmnt ebility . weak bargening power
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i am a plus one cmmrc stdnd
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