Question

the advantages of partnership in commerce

Answer 1

Advantages of a partnership include that:

two heads (or more) are better than oneyour business is easy to establish and start-up costs are lowmore capital is available for the businessyou’ll have greater borrowing capacityhigh-calibre employees can be made partnersthere is opportunity for income splitting, an advantage of particular importance due to resultant tax savingspartners’ business affairs are privatethere is limited external regulationit’s easy to change your legal structure later if circumstances change.

Answer 2

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