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Unformatted text preview: DISAVANAGE) Smaller amount of efficiency Limited access to capital/credit…you are relying on your personal accets to get loans form banks your house might taken away if you don’t succeed If you die the company dies with you. Hard to exit your profession Partnership is an association of two of more persons who carrt on as co-owners of a business profit. General partnership-Limited partnership Joint venture A partnership established for a specific project of a limited time. Partnership advantages-• Ease of organization S corporations- most popular form of coprporation...
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- Spring '07