Question: what are the advantages and disadvantages of partnership firm?
Answer: 1 Less formal with fewer legal obligations. ... , 2 Easy to get started. ... , 3 Sharing the burden. ... , 4 Access to knowledge, skills, experience and contacts. ... , 5 Better decision-making. ... , 6 Privacy. ... , 7 Ownership and control are combined. ... , 8 More partners, more capital.