BKB Boutique is a partnership business; the three owners and employees together provide all the qualities needed to make this business a success! This type of business is easy to start up and each owner has their own responsibilities to fulfill. Each person is able to make their own profit.
Some challenges BKB Boutique could face would be the equal liability. If any of the three owners are sued for any reason we all can be penalized for it. There is also a chance for conflict in a partnership considering that if any one of us fail to accomplish our responsibilities. A disadvantage of this type is that there is not a guaranteed permanence; if anything happens the business could be completely gone.
Some challenges BKB Boutique could face would be the equal liability. If any of the three owners are sued for any reason we all can be penalized for it. There is also a chance for conflict in a partnership considering that if any one of us fail to accomplish our responsibilities. A disadvantage of this type is that there is not a guaranteed permanence; if anything happens the business could be completely gone.