coursework 494570

The good, the bad and the ugly – Partnerships?Post one good thing about forming a partnership OR say one bad thing about forming a partnership. Student’s comment: Two things come to mind when forming a partnership. The first thing is that you and your partner are liable for your business. If your business defaults on a loan or gets sued then you and your partner are held legally and financially accountable. Whereas in a corporation the owner’s or shareholder’s finances aren’t touched if the business defaults on a loan or is sued for some reason. Another thought that comes to mind when discussing partnerships is that you really have to trust your partner to be committed to the business and to you. If your partner backs out when business isn’t doing well then both of you could be in trouble. The good, the bad and the ugly – Partnerships?Post one good thing about forming a partnership OR say one bad thing about forming a partnership. Student’s comment: Two things come to mind when forming a partnership. The first thing is that you and your partner are liable for your business. If your business defaults on a loan or gets sued then you and your partner are held legally and financially accountable. Whereas in a corporation the owner’s or shareholder’s finances aren’t touched if the business defaults on a loan or is sued for some reason. Another thought that comes to mind when discussing partnerships is that you really have to trust your partner to be committed to the business and to you. If your partner backs out when business isn’t doing well then both of you could be in trouble. ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????