Business Studies- PartnershipWatch
sole trader full control unlimited liability
easy to start less capital then partners
get all profit no one to turn to for ideas
have to do all work
i hope this helps this was a question on AS business studies so its important
Advantages and disadvantages are very similar for the two, except that partnership gives less risk, but less reward as well than a sole trader. Theres the stuff about unlimited liability, and the keeping of profits. Theres also less paperwork to do, and less legal framework.