1.. advantage and disadvantages of the partnership and sole proprietorship? just the point no need explanation

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Advantages and Disadvantages of Partnership:

Advantages	Disadvantages
More Capital will be available	Partners have unlimited liability for the debts of the business
Equally shared responsibility	Each partner is an agent of the partnership and is liable for actions by other partners
Share the start-up costs equally	Higher chances of Conflicts among Partners
Limited external regulations	A partnership has "limited life" meaning that it can be dissolved due to death, insolvency, retirement etc of other partner/partners
Nature of the Partnership will depend on the Partnership agreement	Partnerships have to be built on TRUST between the partners.

Advantages and Disadvantages of Sole proprietorship:

Advantages	Disadvantages
Easy to start, only one owner	Raising money by the owner depends upon the factors of production that the owner can obtain
Sole recipient of all the profits	Management is limited to the skills of the owner
Quick Decision making	Limited life, if owner dies then business ends
More flexible	Unlimited liability, all the losses are the owner's responsibility.

ekkarill92 answered 1 month ago

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1.. advantage and disadvantages of the partnership and sole proprietorship? just the point no need explanation

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