Accountancy, asked by miloitalaj, 1 year ago

what is the main purpose of partnership?

Answers

Answered by physicst1
0
•partnership helps us to reduce our workload.
•it is made to provide financial supports in any business.
Answered by Joye11
0
The "purpose" for a partnership business is myriad. Sometimes one person is good at business and the pother person is good at making dolls. So they partner up to support each other. Sometimes it is to protect and acknowledge more than pone person with invested money or time into a new business. Other times it guarantees the partners ownership and liability protection. The reasons for a partnership status are as varied as the reasons to start a business or grow an existing business.

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