Types of Business

JoJo Santos

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Definition-A partnership is an arrangement in which parties agree to cooperate to advance their mutual interests.

Advantage- helps two companies achieve a common goal

Disadvantages- you may not like the partnership your in

Sole Proprietorship

Definition- Sole proprietorship is a type of business that is owned and run by one individual or one legal person

Advantages- You are the most powerful one in the business

Disadvantages- it is very time and money consuming