Study the characteristics of a partnership: Requirements 1. List five advantages of a partnership over a proprietorship
Question:
Requirements
1. List five advantages of a partnership over a proprietorship and a corporation.
2. List three disadvantages of a partnership compared to a proprietorship and a corporation.
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Req 1 Advantages 1 Combines the partners expertise 2 Less expensive to organize 3 More prod...View the full answer
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