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What causes problem in partnership business ?
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[QUOTE="Jasz, post: 229804, member: 61772"] When starting up a new business there are many things that need to be considered. One of these is whether or not going into partnership is a good idea. There are many ways in which you can run your business and rest assured Partnership is a two way relationship. It is saying that the parties have a joint enterprise in which they are partners. The term partnership literally means: to go into business together. Going into business with someone is always a risk. It can be a great way to start up a company, but make sure you think about whether it's the best course of action for you or not. Some of the pros and cons of going into business together will be discussed here: There are plenty of advantages to a partnership business. When people come together to create something new, their combined talents can accomplish more than any of them could alone. Their collective resources and connections too will boost the growth of the business. Partnering in a business can have its rewards, but it also exposes partners to extra risks. There is always a chance of losing money as a result of illiquidity and monitoring problems. There are a number of risks involved in entering into a business partnership. These include the risk of partnership disputes over ownership, management and control of the business, disagreements or disputes between partners or their families and so on. [/QUOTE]
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