partnership-b

= Partnership: Two or more people own and manage the business. =


 * == How the money is raised, the partners each invest some of their own money and borrow money from a bank. ==
 * The advantages to having a partnership are: share of responsibility for running the business and low fixed cost.
 * The disadvantages for it are: disagreement on direction the company should take, owners have unlimited liability, and high operating costs.[[image:http://static.stuff.co.nz/1233108507/637/506637.jpg caption="bill gates and paul allen, the partnership of microsoft" link="BIG BUSINESS-BRITTANY W"]]