With more than one person, the various duties can be split between the partners.
The Main Disadvantages
Joint and Several Liability
Business partners are liable for the business activities of the other partners.
A formal legal partnership agreement can be expensive.
Business partners can disagree, which may adversely affect the business.
We will always discuss with you the various options, advantages and disadvantages. Our objective is to be a part of your team. We will assist when required, offer advice when we see a need and provide friendly support.