Advantages of Partnership

  1. Enjoys division of labour
  2. Creates employment opportunities
  3. Risks and liabilities is shared.
  4. Promotes increased production
  5. Promotes continuity and expansion
  6. Wise decisions are taken.
  7. There is more capital outlay compared to that of sole trader.
  8. The death of a member may not lead to the end of the business
  9. There is high degree of privacy.

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