Partnership form of organization has advantages anddisadvantages. Note that different types of partnerships have...

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Accounting

Partnership form of organization has advantages anddisadvantages. Note that different types of partnerships have beendeveloped to minimize some of these disadvantages. Alternatively,an individual or company can choose the proprietorship or corporateform of organization.
Go to two local businesses that are different, such asrestaurant, a retailer, a construction company, a professionaloffice (dentist, doctor, etc) and find the answers to the followingquestions;
1. What form of organization do you use in your business?
2. What do you believe are the two major advantages of this formof organization for your business?
3. What do you believe are the two major disadvantages of thisform of organization for your business?
4. Do you believe that eventually you may choose another form oforganization?
5. Do you have someone to help you form this organization,(attorney, accountant, relative, etc)?

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1 I will choose Profession We all rely on professionals at many points of our lives from dentists to teachers from pension managers to careers advisers from town planners to paramedics We rely on professionals to be experts and to know what to do when we need them to The professions are for you if you want an occupation which will help you to build your skills and See Answer

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In: AccountingPartnership form of organization has advantages anddisadvantages. Note that different types of partnerships have been...Partnership form of organization has advantages anddisadvantages. Note that different types of partnerships have beendeveloped to minimize some of these disadvantages. Alternatively,an individual or company can choose the proprietorship or corporateform of organization.Go to two local businesses that are different, such asrestaurant, a retailer, a construction company, a professionaloffice (dentist, doctor, etc) and find the answers to the followingquestions;1. What form of organization do you use in your business?2. What do you believe are the two major advantages of this formof organization for your business?3. What do you believe are the two major disadvantages of thisform of organization for your business?4. Do you believe that eventually you may choose another form oforganization?5. Do you have someone to help you form this organization,(attorney, accountant, relative, etc)?