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Business strategy
Disadvantages of partnership.
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[QUOTE="btaliat, post: 209620, member: 26390"] Before I say my view on the topic, there is need for clarification especially based on the last point. The poster made mention that partnership cannot be sued because it doesn't have a separate personality, I don't totally buy that fact. There is no business that is not sueable. If we are talking about a business that doesn't have a separate personality, it will be more of sole proprietorship where there is only one person operating the business. This is how the law works, it can sue the business itself if the business violates consumer rights or commits other offense. While it can sue personality if the violation comes from the personality and not really the business. Back to the topic, another disadvantage of partnership is that, there may be problem on sharing formulae as the most financial contributor may feel relaxed and not working on the same pace as others. [/QUOTE]
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