Advantages of partnership in your country
- The members share risks and uncertainties
- More capital can be raised compared to sole proprietorship
- Easier to run and form compared to companies
- Enjoys privacy unlike public companies
- It attracts different talents and skills compared to sole trading
- Taxes paid by partnership are low compared to those of companies
- Partners withdraw funds and make business without formal meetings
- Members are not overworked compared to sole proprietorship
- Partnership, at times, offer bonuses to their members in bid to motivate them
- Specialization is possible unlike sole proprietorship
CATEGORIES Economics
TAGS Dr. Bbosa Science
