Student

Class: Intro to Business

Creating, Financing,
Marketing a Business

Identify the pros and cons of the compact as a play of ownership.

Partnerships are voluntary agreements where to 2 or more people act as co-owners of a business for profit. A partnership as a spring of owner ship has several pros and cons. The benefits of partnerships as a form of ownership is there leave be more circulation of bills due to more people investing into the company. The company will have a stronger financial base. In partnerships, responsibilities are shared. Owners rouse delegate surrounded by each other the daily tasks of the business, which is exceedingly beneficial. One owner clear use their specific skills in a certain area, while the other owner fanny focus on another.
Partnerships are easy to form. Only ii individuals are needed for co-ownership. In partnerships there are to a fault tax benefits. Each individual is taxed separately, not the partnership as a whole. Partners will not be double taxed. thither are also benefits for potential funds earned. The profits do not have to be divided evenly between each partner. An individual partner digest receive a larger profit, for taking a larger financial risk.
thither also cons of partnerships as a form of ownerships. Partnerships have a high probability of conflict between owners.



Those conflicts can stick delays in the decision making process of the business, that can take up the business negatively. The overall business moral can be affected also if members of the partnership cant ache along. Liabilities are also disadvantages of partnerships. One partners business related actions can legally bind other partners in the business. That is why partnerships can be risky with if there is no trust involved. there is also a potential for a partner to take in from the partnership. That could leave the other partner in bind to cook up off any debts left over at the period of the withdrawal.

Discuss the funding options for small businesses.
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