idea inputs on how to solve a problem create an idea of a new product or maybe

Idea inputs on how to solve a problem create an idea

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idea inputs on how to solve a problem, create an idea of a new product, or maybe help tweak a project that has been completed to help give it it’s final touch. Disadvantage. A disadvantage for it could be that if there was a need for something to be dealt with and the partners didn’t agree on how it was/ could have been handled. Another disadvantage for general partnership is that “each partner is individually liable for the debts and obligations of the business; if the business does not have enough assets to pay back business debts, creditors can take the personal assets of the partners.” (Hall, 2012) If one partner was to leave or pass way it would leave the co-partner(s) in a bind because they would have to either cover the portion from the deceased and or they could end up losing their business altogether. Each partner can enter their own contacts with customers, but it is the company's business to acquire all forms of debt if it has accrued. Clear advantages and downsides. An advantage I see for my business would be that we work as equals in our business. I want everyone to feel that they are important to make
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  • Summer '16
  • Corporation, Limited partnership, Types of business entity

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