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Legal aspects to consider when setting up an ebay business
Essay specific features
Written by:
Christopher J
Date added:
May 21, 2013
Level:
University
Grade:
A
No of pages / words:
6 / 1452
Was viewed:
5238 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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