Whether you are venturing into a new partnership or are already established, at Accountants Plus, we have dedicated accountants who can help your partnership business with all of your tax and accountancy needs.
A business run as a partnership shares control, responsibility and finances between 2 or more people. The partners are not only responsible for managing the business, but also “jointly and severally” liable for any debts incurred by the business and the profits are shared between the partners based on pre-agreed percentages.
Below are just a few examples of the advantages and disadvantages of running a business as a partnership.
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