Sole proprietorship and Partnership

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EconomieTertiary Education

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Slide 1 - Tekstslide

Section7.1:
Sole Proprietorship and Partnership
Pages  153-157

Slide 2 - Tekstslide

Objectives
Describe a partnership business
Differentiate between general and limited partners
Discuss the advantages and disadvantages of partnership

Slide 3 - Tekstslide

Slide 4 - Tekstslide

What is a partnership?

Slide 5 - Woordweb

What kind of professionals set up a partnership businesses?

Slide 6 - Woordweb

The partnership can draw
on the skills, ________________, and financial resources of more than one person.
A
Patience
B
Leadership
C
knowledge
D
Disputes

Slide 7 - Quizvraag

Videos
https://study.com/academy/lesson/what-is-a-limited-partnership-definition-advantages-disadvantages.html

Slide 8 - Tekstslide

Find the difference between general and limited partners

Slide 9 - Open vraag

The law requires that all partnerships have at least ______general partner.

Slide 10 - Woordweb

If the limited liability partner in managing the business what would happen to his limited liability status?

Slide 11 - Open vraag

Divide yourself into two groups
Debate on the advantages and disadvantages of partnership.

Slide 12 - Tekstslide

Answer here

Slide 13 - Woordweb

The business
is likely to survive only when specific ___________have been placed in
the partnership agreement.
A
features
B
profile
C
characteristics
D
provisions

Slide 14 - Quizvraag

What are the technical disadvantages of partnership?

Slide 15 - Woordweb

What are the important points of the lesson?

Slide 16 - Woordweb