Partnerships
Author:
Vertax Accountants
|
| Advantages |
Disadvantages |
| There is a broader management base. |
Possibility of conflicts in the business partnership. |
| Enjoy additional sources of capital. |
Divided authority could delay crucial business decisions. |
| Partners bring complimentary talents. |
There may be a lack of continuity. |
| Your start-up costs are low. |
Raising capital is a struggle. |
| Regulations are limited; making it’s easy to start. |
There are smaller profits per share. |
|
There is unlimited liability. |
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