Question

Write four advantage of partnership from of business organization.​

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.

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Answer 2

Answer:

(i) EASY TO FORM: The partnership, like the sole proprietorship, can be easily organized. There are no complicated legal formalities involved in the establishment of partnership business. ... (iii) LARGE CAPITAL: In case of sole proprietorship, the capital is limited to the savings of one owner or his borrowing capacity.