ADVANTAGES OF HAVING A PARTNERSHIP
1. You are not alone.
- You can share management problems.
- Two good people are better than one.
- There is someone to help plan.
- There is someone to put in more money, if needed.
- There is someone to take over if you are sick.
- There is someone to buy out your share if you want to quit.
- There is someone to buy out your estate if you die.
- Loans are generally easier to get because lending agencies are more
likely to lend money to a business where two or more people rather than one are behind it
2. Your combined assets give economic strength and power.
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