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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1202 |
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An advantage of the partnership type of business is that it not very difficult to form and it is a way of raising capital. It is also unlimited by liability and continues until terminated. Fellow partners may be more experienced or specialist in their own field. This makes decision making effective. Partnerships also lead to more business for the firm as each partner has his own leads and will recommend his company to them...
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This makes decision making effective. Partnerships also lead to more business for the firm as each partner has his own leads and will recommend his company to them.
3.2 Weakness of partnership
As many as advantages, partnerships also have its disadvantages. Since there are more then one owner, decision making will take longer and some times may lead to conflicts...
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General points of the essay
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