O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2017 · Q211 Mark
What is the disadvantage to a sole trader of bringing in a partner?
AThe business will benefit from the knowledge of the new partner.
BThe new partner may bring additional capital into the business.
CThe profits made by the business will have to be shared with the new partner.
DThe responsibility for running the business may be shared with the new partner.
✓ Correct answer
C: The profits made by the business will have to be shared with the new partner.
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