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Advantages Of Partnership (general world)

Daniyan timilehin, ()
278 days ago NG
1) sufficient capital: partnership has more financial resources than a sole proprietorship because more people are involved, hence more capital can be raised through partner's contributions.
2) increase in production: there is increase in production as a result of increase in capital and management.
3) joint decision making: Better results are derived when two or more partners put their heads together and take joint decisions for the enterprise.
4) there is privacy: in this kind of business unit there is privacy because partners are not legally compelled to publish the annual accounts for public consumption.

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