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Updated: 2/17/2019
Unknown Story
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  • Very good Susan! However, one must also look at the disadvantages which are the following:
  • Thats amazing. There are so many advantages to that such as: - Pride of ownership - All net income to owner - Freedom of action - Personal satisfaction
  • Disadvantages: - Unlimited personal liability - Heavy personal responsibilities - Lack of continuity - Limited capital
  • Partnership is a business owned by two or more persons.
  • Can someone please tell me the advantages and disadvantages of partnership?
  • Advantages would be: - Ease of formation - Low startup costs - Shared work and responsibilities - Additional sources of investment capital
  • I know this, but Im not going to answer.
  • Good Job Josh and Susan! 
  • Disadvantages would be: - Lack of continuity - Potential for conflict between partners - Unlimited liability - Divided authority
  • A corporation is an organization, usually a group of people or a company, authorized to act as a single entity and recognized as such in law.
  • Would anyone who hasn't shared like to tell us the advantages and disadvantages of a corporation?
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