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ap499 replied to the topic Partnership characteristics in the forum Business 101 6 years, 11 months ago
I would definitely consider partnership for the business over a sole proprietorship. It is true that there are more benefits for a sole proprietorship then partnership but the partnership is what you should look for when starting a new business with little experience. It will not only support during the financial stage but also it will bring more fortune in the business. More than one partner brings different ideas for the business which can be applied. It is less risk, indeed there will be an argument and difficulty agreeing with each other but that is why it known as the partnership. In a partnership, all member focus on one mission with the different point of view but in the end comes with an agreement of what is better for the company while working as a team.