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23 October, 07:54

Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run a coffee shop. They will share any profits or losses that the business generates and will be personally responsible for making good on any debt that their business undertakes.

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  1. 23 October, 09:52
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    A) Partnership

    Explanation:

    A partnership is a type of business where two or more people (called partners) come together and form one single company. The main advantages of forming a partnership are:

    partnerships are easy to set up since more than one person is involved, a partnership can gather more capital the talents of the partners are shared the partnership is not taxed directly, it is a pass through entity where the partners are taxed directly

    The main disadvantage of forming a partnerships is that the partners are personally liable for all the partnership's debts and obligations.
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