Business partnerships offer opportunities for more capital, diversified skills, and are generally easier to form, manage and run. With more than one owner, the ability to raise funds may be increased and there is a combination of complementary skills of two or more people. There is also a wider pool of knowledge, skills, and contacts.
However, whilst it is very easy for a partner to invest money in the partnership, it is generally very difficult for that partner to withdraw any funds Continue reading Business Partnerships: The Pros and Cons