ASIAPEDIA
Q&A
What are the main pros and cons of using partnership for joint venture in Vietnam?
What are the main pros and cons of using partnership for joint venture in Vietnam?
The 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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