One of your friends wants to start a partnership firm

cbse
formsoforganisations

#1

One of your friends wants to start a partnership firm. In order to prove that his decision is good,
what motivational reasons you would provide?


#2

Partnership form of organisation offers following advantages
(i) Forming a partnership firm constitutes simple process.
(ii) A partnership firm can raise larger capital.
(iii) A firm can conduct business on large scale too.
(iv) The risks of firm’s business are shared by number of partners.