• Partnerships are relatively easy to establish.
• With more than one owner, the ability to raise funds may be increased, both because two or more partners may be able to contribute more funds and because their borrowing capacity may be greater.
• Prospective employees may be attracted to the business if given the incentive to become a partner.
• A partnership may benefit from the combination of complimentary skills of two or more people. There is a wider pool of knowledge, skills and contacts.