When is the partnership form of a business is an ideal choice?

1.	When is the partnership form of a business is an ideal choice?
Answer» Partnership form of a business is an ideal choice for starting a new venture, if the entrepreneur’s. (i)Requirement: Capital and Managerial requirements are higher as compared to that of sole proprietorship. (ii) Size of enterprise: Enterprise falls in the category of either being a small or a medium scale enterprise. (iii) Contact: Direct contact with the customers is essential.

Answer»

Partnership form of a business is an ideal choice for starting a new venture, if the entrepreneur’s.

(i)Requirement: Capital and Managerial requirements are higher as compared to that of sole proprietorship.

(ii) Size of enterprise: Enterprise falls in the category of either being a small or a medium scale enterprise.

(iii) Contact: Direct contact with the customers is essential.

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