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What are the main pros and cons of using partnership for joint venture in Vietnam?
Q&AThe main advantages of using a partnership are that:
- Persons investing in the partnership can be limited partner, i.e.: partners that are of limited liability.
The downsides of partnership is that:
- Two or more general partners are required to form a partnership.
- The general partners are unlimitedly liable for any debts incurred by the partnership.
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