Have the right to score debts and profits while in

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have the right to score debts and profits, while in others, partners have limited responsibilities. Partnerships are a good choice for small businesses with relatively low turnover. The way partnerships are built and operated, as well as management and taxation methods, often make them the most attractive form of business. Due to the nature of the cooperative business, the partner will use the start-up capital to fund the business. This business structure flexibility and have more potential in growth. Potential profits will be distributed to each partner evenly. At the same time, this also makes management more flexible. One of the weaknesses of the partnership is the danger of divergence. Companies that are subject to the will of shareholders (shareholders) are still more flexible than limited companies. furthermore, a partnership should follow the tax law means which each partner needs to pay taxes like a soler trader does. Joint Venture A joint venture is a business structure that combines the expertise and resources of two or more unrelated companies. One of the biggest advantages of the joint venture is that it can achieve rapid growth and rapid increase in productivity, resulting in greater profits than ever before. The benefits of the joint venture include the increase of the access to more capabilities and resources, new potential markets and other distribution networks, use of
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  • Fall '19
  • Corporation, partner, joint venture, individual company

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