Advantages and Disadvantages of Business Partnerships

Owners are liable only for the amount of their investment in this type of ownership.

corporation

This type of ownership is taxed twice.

corporation

Its easier to raise capital in this type of ownership.

corporation & partnership

An disadvantage of this partnership is that they could have different goals and its harder to make decisions.

partnership

This type of ownership is only taxed once.

partnership

This ownership may have issues securing capital for the business.

sole proprietorship

These partnerships are responsible for all loses and failures of the company.

unlimited liability