Partnership Archive

  • Partnership

    What is a partnership?

    Partnership occurs where two or more people go into business together with the intention of making a profit. Establishing their business and registering as self-employed they share the decision making, any profits the business makes and also any debt the business accrues. The partnership business...

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  • Advantages and Disadvantages of Partnership

    Advantages and Disadvantages of Partnership

    A partnership is commonly formed where two or more people wish to come to together to form a business. Perhaps they have a common business idea that they wish to put to the test or have realised that their skills and talents compliment each others...

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  • Limited Liability Partnerships

    Limited Liability Partnerships

    “Ordinary” Partnerships When two or more self-employed people come together to form a partnership in order to run a business, they are deemed to share the profits, debts and generally, an equal say in how the business is managed. This starts with the financing of...

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