Is a business entity founded by or more people where each member is fully free email address list philippines responsible for the company. The capital used by the firm comes from the founding members themselves. Profits or profits are distributed to members in a ratio that is in accordance with the agreement when establishing it. The following are the characteristics of the firm Characteristics of the Firm All founding members of the.
firm are active in running the business Unlimited responsibility for all risks that occur Will end if one of the members resigns or dies With the characteristics above the firm also has some advantages and disadvantages. Its a good idea before deciding whether you want to build a firmfor example with several partnersyou know the following advantages and disadvantages Advantages The advantages of a firm include It only requires agreement from all parties who want to establish the firm without other requirements.