GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT an advantage of starting a business as a partnership?
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More finance can be raised
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Partners can specialise according to their experience
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The workload is reduced since it is shared amongst partners
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Partners may disagree and fall out with each other
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Explanation:
Detailed explanation-1: -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
Detailed explanation-2: -Liability. Generally, the members of a partnership are exposed to unlimited liability for the acts of the partnership as a whole. Transferability. Instability. Unclear Authority. Get Legal Help with Your Partnership Questions. 22-Jul-2022
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