Shared financial investment reduces individual capital burden and startup costs.

Complementary skills and expertise enhance business capabilities and innovation.

Tax efficiency through income splitting among partners, potentially lowering overall tax liability.

Simplified setup compared to limited companies, with fewer formalities and lower compliance costs.

Flexibility in profit sharing based on partnership agreement, allowing customized arrangements.

Ability to bring in silent partners for investment without requiring management involvement.

Shared decision-making can lead to more balanced and effective business choices.

Continuity options if one partner leaves, depending on pre-agreed terms in the partnership deed.

Potential for higher credibility with clients and lenders due to multiple owners with diverse backgrounds.

Easier access to business loans and financing with multiple guarantors sharing liability.