ib business management advantages and disadvantages partnership
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advantage 4
each owner may have different strenghts
advantage 3
easier access to capital
disadvantage 2
mutual agency- owners responsible for partner's actions
disadvantage 1
owners may not get along with each other
advantage 2
owners share financial burden
disadvantage 4
owners share the profits
advantage 1
owners share workload
disadvantage 3
partners have unlimited liability