1) They set a business hoping to succeed overnight.
2) Who is liable all the debts?
3) We don’t want to trade a foreign name.
4) Cash contributions were made the business.
5) statute a partnership requires at least two members.
6) As a partner you participate the profits and losses of the business.
7) Don’t bring the partnership disrepute.
8) What’s your stake the business?
9) First register the business the tax authorities.
10) Certain documents must be drawn before you start trading.
11) The Companies House must be notified any changes.
12) In this business structure your personal assets are not risk.
13) Your liability is limited your initial contribution.
14) When you are need of funds, take out a loan.
15) As a director you must avoid a conflict interest.