Question

what are the benefits of admitting a partner in sole tried business​

Answer 1

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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.

Answer 2

Answer:

As a sole trader you retain all the profits from the business, rather than having to share them with other shareholders (or leave profits in the business). Many sole traders choose not to employ anyone, which can keep costs low and maximise profits available to them.

Explanation: