https://padlet.com/glc_business/bjp4bw8vgloz Partnership en-us 2016-07-11 05:28:08 UTC 2016-07-15 02:19:27 UTC hello@padlet.com glc_business https://padlet.com/glc_business/bjp4bw8vgloz/wish/116187074 2-20 people]]> 2016-07-11 05:29:57 UTC https://padlet.com/glc_business/bjp4bw8vgloz/wish/116187074 glc_business https://padlet.com/glc_business/bjp4bw8vgloz/wish/116187078 Someone who only gives money to the partnership but doesn't have a say in what happens on a day to day basis.]]> 2016-07-11 05:30:04 UTC https://padlet.com/glc_business/bjp4bw8vgloz/wish/116187078 https://padlet.com/glc_business/bjp4bw8vgloz/wish/116442531 A partnership is an deal in which two or more people share the profits and liabilities of a business venture.]]> 2016-07-15 02:00:18 UTC https://padlet.com/glc_business/bjp4bw8vgloz/wish/116442531 https://padlet.com/glc_business/bjp4bw8vgloz/wish/116442620 Liability is someone that is legally responsible for something. It is also someone/people who has unlimited liability.]]> 2016-07-15 02:02:26 UTC https://padlet.com/glc_business/bjp4bw8vgloz/wish/116442620 https://padlet.com/glc_business/bjp4bw8vgloz/wish/116442752 1. Shares Expertise and Responsibility
2. More capital is available for the business
3. Greater borrowing (of funds) power due to more people
4. Relatively easy to set up and limited external regulation

]]> 2016-07-15 02:05:14 UTC https://padlet.com/glc_business/bjp4bw8vgloz/wish/116442752 https://padlet.com/glc_business/bjp4bw8vgloz/wish/116442903 1. Shares the Profits
2. liability of the partners for the debts of the business is unlimited
3. ‘jointly and severally’ liable for the partnership’s debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts
4. risk of disagreements and friction among partners and management]]> 2016-07-15 02:08:22 UTC https://padlet.com/glc_business/bjp4bw8vgloz/wish/116442903 https://padlet.com/glc_business/bjp4bw8vgloz/wish/116443044 1. Solicitor/Lawyer
2. Dentist
3. Doctor]]> 2016-07-15 02:10:50 UTC https://padlet.com/glc_business/bjp4bw8vgloz/wish/116443044