What are the advantages of a business partnership 2024?
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Studied at the University of Cape Town, Lives in Cape Town, South Africa.
Advantages of a General Partnership: Businesses as partnerships do not have to pay income tax; each partner files the profits or losses of the business on his or her own personal income tax return. This way the business does not get taxed separately. Easy to establish.
2023-05-08 00:39:40
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Benjamin White
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Advantages of a General Partnership: Businesses as partnerships do not have to pay income tax; each partner files the profits or losses of the business on his or her own personal income tax return. This way the business does not get taxed separately. Easy to establish.