ACC 201 week 4 Assignment 3

Going into business can be very tricky, especially if you are undecided as to what type of business you want. There are to choices that suite you two the best and that is Partnership and a corporation, I will be giving you both some information that will help you all decide.

With a partnership, they must have at least two shareholders and they are unincorporated businesses. The Advantages to partnership is that there is a lot more finance available, while the other shareholder brings in more money. Another advantage would be that both partners can make decisions that would benefit the business. The disadvantages are that liability is very limited and each partner has the choice of ending the business.
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