TRACKS AND

SNACKS
BY
JOANNA RUSSELL
LIANNE FULLWOOD

WHAT ARE WE?

We are a partnership business
A Partnership is a profit seeking business owned by two or more people.
For most partnerships there is a maximum of 20 people. This varies in
different countries. However in our project, we have two partners

FEATURES
Partnerships are financed mainly from the personal funds of each partner
One partener must have unlimited liabilities
There is usually legal agreement between partners
Profits and losses can be shared between partners without contract
There is a Deed of Partnership which is not mandatory but includes:
Finance contributed by each partner
Roles and obligations
How profits and losses will be shared between partners

EXAMPLES OF PARTNERSHIPS
Ben and JerrysBen Cohen and Jerry Greenfield
Barnes and NoblesCharles M. Barnes William Barnes G. Clifford Noble Leonard Riggio
MicrosoftBill Gates and Paul Allen
Apple INC
Steve Jobs and Steve Wozniak

ADVANTAGES
Financial Strength
Specialization and division of labour
Financial privacy
Cost Effective
You have someone o help with important business decisions

DISADVANTAGES
Unlimited Liabilities
A lack of continuity
Prolonged decision making
Lack of Harmony

OUR BUSINESS

TRACKS AND
SNACKS

OUR WORK

WHAT DO WE DO

WHY DID WE DECIDE TO START THE

BUSINESS?

HOW WAS IT FINANCED

SHAREHOLDERS?

IMPORTANCE OF PARTNERSHIP DEED

ADVANTAGES AND DISADVANTAGES OF

OPERATING THE BUSINESS

PROFIT OR NON-PROFIT

PUBLIC OR PRIVATE SECTOR?

QUESTIONSS

FIN