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Hey dad, I’m thinking about starting a pizza shop, but I don’t know what organization I should do. What organization do you think would best suit me?
Since I’ve had a background in business, why don’t we come together and create a partnership? There’s several advantages in doing a partnership, so what do you say?
I don’t know much about partnerships. Can you explain the advantages to me?
In a partnership, you have more skill than a sole proprietorship because there are two people. You can also add more partners if needed.
Alright, let’s run a partnership together.
In a partnership, there’s ease of establishment, ease of management, no special business taxes, and it’s easier to raise the financial capital.
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