Читать книгу Start & Run a Restaurant Business - Brian Cooper - Страница 11

There are many advantages to operating your business as a partnership:

• Quick start. As in the case of the sole proprietorship, in a partnership, you and your partners can start doing business immediately. However, you must register your partnership’s name. It is also advisable for all partners to enter into a written partnership agreement.

• Pooling of resources. Your restaurant venture will be strengthened by the combined skills and financial resources of several people, rather than only what you alone can bring to the business.

• Possession of profits. Profits earned by the business flow directly to the partners, according to the distribution formula to which the partners agreed in their partnership agreement. Each partner declares this income personally.

• Potential tax benefits. Any losses incurred by the partnership can be used to decrease the personal income tax of the partners.