Joanna Volescu, a friend from college, approaches you about forming a partnership to export software Since graduation, Joanna has worked for the World Bark, developing important contacts among gevement officials and business leaders in Poland and Hungary Joanna believes she is in a unique position to capitalize on expanding markets. With your expertise in finance, you would have responsibility for accounting and Seance in the parthenship Required Discuss the advantages and disadvantages of organizing the export business as a partnership rather than a proprietorship Comment on the way partnership income is taxed The main advantage of organizing a business as a partnership, rather than as a proprietorship, is the ability to bring together the than can a single owner Like a proprietorship, the partnership The partnership form of business has some disadvantages Partners [ business income tax get along well Each panner the parties Two or more es can provide bind the business to a contract that gives every partner of the business & cannot pay One partner making some mistakes or acting in an undesirable manner can create lar the other parten(s) if a partner leaves the business the old partnership becomes necessary Preparing a partnership agreement can consume a great deal of time and energy but is definitely worth it rotect the parles engaged in this business aangen and br the dis 100 21 3 parulership rather than a proprietorship. 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