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Discuss the merits and demerits of partnership business |
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Answer» of partnership firmEasy to START and dissolveHigher capitalHigher innovationReduction of WORK loadBetter decisionHarmonization of different abilityCredit facilityClose supervisionFlexibleReduced riskDemerits of partnership firmNo Business secretsUncertain existenceNo PERSONAL contactUnlimited liabilityDelay in decisionsDanger of conflictDifficulty in TRANSFER of sharesLimited resources |
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