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Q: describe circumstances where partnerships with carers may be difficult to develop and sustain
A: First of all when entering a partnership, the two are almost considered as a single person, as in you only need permission from one of the two to enter in a binding agreement or make any financial decisions. [ [ Second of all a partnership is under joint liability, making them both equally responsible, even if the other partner owns 1% of the company. Thirdly anything your partner does is on
you, if the business fails because of your partner its equally your problem, if you don't be careful when entering a partnership contract your partner could never do anything and you left doing everything. There are quite a few more if you would like to go to this link (pros and cons of a partnership) ]
Balqueen|Points 127|
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Asked 12/6/2013 2:04:21 PM
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