Business Studies- Partnership

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Tank2002
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#1
Report 16 years ago
#1
Does any one a web site that offers help on business studies coursework. Or does any one know all the advantages and disadvantage of a sole trader and partnership.

Thanks
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#2
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Partnership = shared unlimited liability.
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advantages disadvantage

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
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Eru Iluvatar
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There are quite a few.

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.
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