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Business Studies- Partnership watch


    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.


    Partnership = shared unlimited liability.

    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

    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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