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3 years ago

What is partnership.List the advantages and disadvantages of partnership.

Business

2 answers:

oee [108]3 years ago

7 0

Answer:

Disadvantages of a partnership include that: the liability of the partners for the debts of the business is unlimited. each partner is 'jointly and severally' liable for the partnership's debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts.

Explanation:

Harman [31]3 years ago

5 0

Explanation:

<h3>PARTNER SHIP:</h3>

WHEN TWO OR MORE PEOPLE ARE IN BUSINESS TOGETHER IT IS CALLED A PARTNERSHIP. A PARTNER ACTING ALONE IN THE NAME OF THE BUSINESS BINDS THE OTHER PARTNERS.

<h3>ADVANTAGES OF PARTNERSHIP:</h3>

◇ 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.

◇ PARTNERS BUSINESS AFFAIRS ARE PRIVATE.

◇ IT'S EASY TO CHANGE YOUR LEGAL STRUCTURE LATER IF CIRCUMSTANCES CHANGE.

<h3>DISADVANTAGES OF PARTNERSHIP:</h3>

◇ THE LIABILITY OF THE PARTNERS FOR THE DEBTS OF THE BUSINESS IS UNLIMITED.

◇ THERE IS A RISK OF DISAGREEMENTS AND FRICTION AMONG PARTNERS AND MANAGEMENT.

◇ EACH PARTNER IS AN AGENT OF THE PARTNERSHIP AND IS LIABLE FOR ACTIONS BY OTHER PARTNERS.

◇ IF PARTNERS JOIN OR LEAVE, YOU WILL PROBABLY HAVE TO VALUE ALL THE PARTNERSHIP ASSETS AND THIS CAN BE COSTLY.

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<u>Explanation:</u>

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3 years ago

When selecting a venture capitalist, which one of the following characteristics is probably the least important?

Olegator [25]

Answer:

C. Underwriting experience.

Explanation:

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3 years ago

Assume that the required reserve ratio is 20 percent. If the Federal Reserve buys $80 million in government securities from comm

Anni [7]

Answer: increase by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million

Explanation:

Based on the information given in the question, the money multiplier will be calculated thus:

Money multiplier = 1/Required reserve ratio

where,

Required reserve ratio = 20%

Money Multiplier will now be:

= 1/0.20

= 5

Therefore, the maximum money-lending potential will be:

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3 years ago

Your company decides to use internal sources for developing new product ideas. Which of the following would not be a common inte

Fed [463]

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3 years ago

What is partnership.List the advantages and disadvantages of partnership.​

What is partnership.List the advantages and disadvantages of partnership.