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What is the advantages of changing the structure from sole trader to partnership from the view of the owner?

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Benefits of changing the structure from sole trader to partnership according to the point of view of the owner.

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  1. Cash infusion from the equity purchase.

    (Ideally) shared responsibility around and for the business. Usually there's an uneven distribution of effort, though, where the new partner tends to slack off a little/lot.

    Someone to mind the shop so you can leave for lunch.

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