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I am working on a EMS project and i need help! What are the advantages and disadvantages of being in a partnership(business partnership)?

2007-04-21 22:12:58 · 3 answers · asked by Anonymous in Business & Finance Small Business

3 answers

Advantages: Shared expenses...Usually more buying power and Shared responsiblities..However, the disadvantages are: Making decisions become very difficult, partners do not agree....Depending on the business, giving straight answers to employess sometimes becomes conflicting..One partner says one thing the other something else. Communication is the key and sometimes that becomes the downfall of a partnership..

2007-04-24 09:46:37 · answer #1 · answered by tedforus 1 · 0 0

You absolutely DO NOT want to create a Partnership. Create the business as an LLC or S-Corporation. Check with your accountant.

2007-04-22 07:07:35 · answer #2 · answered by jdkilp 7 · 0 0

It skill they wanting to opposite the violation be conscious they placed on it 2 to 3 days interior the previous. Too long for all human beings else to respond to it even though. it might desire to correctly be like beginning up a sand artwork save indoors the path of the Mojave barren area.

2016-12-26 19:02:35 · answer #3 · answered by Anonymous · 0 0

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