Legal aspects to consider when setting up an ebay business

Essay specific features

 

Issue:

Business

 

Written by:

Christopher J

 

Date added:

May 21, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1452

 

Was viewed:

5162 times

 

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Essay content:

The main advantage that applies to ILM Trading is that a partnership ensures that there is greater scope for raising finance. Another advantage that arises out of a partnership as regards finance is that if the business was to become insolvent then the partners would become jointly liable for any debts incurred...
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Debts would not fall on just one individual, as they would in the case of a sole trader. When setting up a partnership there is no onus to publish the results of the organisation in contrast to companies which are required by law to publish their results. In order for a partnership to take place in the eyes of the law, a document known as the partnership agreement must be drafted...
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