A business partnership is a little like a marriage. You share responsibility, control and finances between you, although a business partnership can consist of two or more people.
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.
Expensive
A formal legal partnership agreement can be expensive.
Disagreements
Business partners can disagree, which may adversely affect the business.
Our Promise
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.
