Sample Page:  Types of Business Ownership

 
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  1. Explain the difference between a partnership and a sole proprietorship.



  2. Describe four advantages of a partnership form of business organization.


  3. React to the following statement: "Since the law does not require a written partnership agreement for a partnership to exist, it is really not necessary to develop one."


  4. Describe six disadvantages of a partnership.


  5. What qualities would you look for in someone who would be an effective partner?

 

 

 

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