INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is advantage of a partnership?
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Partners may not get along well
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Partners share skills and talents
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Partnership agreement needed to start
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Partners share unlimited liability
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Explanation:
Detailed explanation-1: -General partners typically bring specialized knowledge and skills to the partnership and contribute to its pool of contacts and clients. Since they share management responsibilities, each has more time to devote to their respective professional duties.
Detailed explanation-2: -You have an extra set of hands. You benefit from additional knowledge. You have less financial burden. There is less paperwork. There are fewer tax forms. You can’t make decisions on your own. You’ll have disagreements. You have to split profits. More items •26-Oct-2022
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