Discuss three advantages and three disadvantages of partnership organizations
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Discuss three advantages and three disadvantages of
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- What is a partnership? Outline the legal issues involved in the formation of a partnership. In your answer, discuss the issues that partners should consider in drafting the partnership agreement.What are the key factors that organizations should consider when deciding on the most appropriate ownership structure, such as sole proprietorship, partnership, corporation, or cooperative, to meet their strategic goals and ensure long-term sustainability?Describe the principal characteristics of the partnership form of business organisation ?