GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sole trader
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partnership
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Sole trader disadvantages
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Sole trader advantages
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Detailed explanation-1: -A partnership is a legal arrangement that allows two or more people to share responsibility for a business. Those partners share the ownership and profits, but they also share the work, responsibility, and potential losses.
Detailed explanation-2: -Partnerships. In a Partnership, two or more people share ownership of a single business. Like proprietorships, the law does not distinguish between the business and its owners.
Detailed explanation-3: -Partnerships–General and Limited A general partnership is an agreement, expressed or implied, between two or more persons who join together to carry on a business venture for profit.
Detailed explanation-4: -Partnership is run by a group of persons wherein decision making authority is shared. Difference in opinion on some issues may lead to disputes between partners.