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smitshah replied to the topic Partnership characteristics in the forum Business 101 7 years, 7 months ago
Partnership is good from business point of view only when its a small scale business or when you have enough finances available in combination with your partner for your small business but when it comes to making business decision I would consider tell that risk factor would be the highest since their would be time when the partners don’t agree or time when there views about the company contradict. Even in partnership the most important thing on which business run is trust since even if one partner binds than other partner is also bound to it and a sudden accidental death of any one partner would means end of company. So I would suggest this only for small scale business where self finance is not possible or else I would prefer self finance.