Partnership Business

Partnership Business


Advantages and Disadvantages

The following Partnership advantages and disadvantages below were adapted fromTasmanian Government website.All copyrights are limited to Tasmanian Government.Now lets take a quick review and lets get this thing started.

Partnership as a legal form of a business,it is generally divided into two forms,namely general and limited.Below i review with you what I found valuable on the Tasmanian website.

Advantages of a partnership include that:

  • two heads (or more) are better than one
  • your business is easy to establish and start-up costs are low
  • more capital is available for the business
  • you’ll have greater borrowing capacity
  • high-calibre employees can be made partners
  • there is opportunity for income splitting, an advantage of particular importance due to resultant tax savings
  • partners’ business affairs are private
  • there is limited external regulation
  • it’s easy to change your legal structure later if circumstances change.

Disadvantages of a partnership include that:

  • the liability of the partners for the debts of the business is unlimited
  • each partner is ‘jointly and severally’ liable for the partnership’s debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts
  • there is a risk of disagreements and friction among partners and management
  • each partner is an agent of the partnership and is liable for actions by other partners
  • if partners join or leave, you will probably have to value all the partnership assets and this can be costly.

Product Review: Lenovo G570


The new era of technology has landed in our lifestyle. Below I review a competitive product namely Lenovo G570.This mega company(Lenovo) has been going head  to head with the latest laptop gadgets. Firstly I will start with an abstract about the history of the company operating in the computer industry especially laptops. Who is Lenovo as a company?, what are they doing as computer manufacturers and how are they making things possible for laptop users?. The reason why I review this products is because it is competitive to its close competitors and its often too difficult to choose the right laptop because it has a similar stylish specs that often contradicts potential buyers. Then I will compare the features of their latest Laptops.



Figure 1 Lenovo by

Company History

Here is how Lenovo has started,from the beginning if not the end,they explicitly explain everything now pay attention. Lenovo(n.d)…

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