Advantages and disadvantages

A general partnership is easy to start. But it involves more interdependence and less flexibility for partners.

Advantages

  • No start-up capital required
  • Easy to establish
  • Simple organization (depending on the number of partners)

Disadvantages

  • Liability: partners assume unlimited, joint and several liability
  • Interdependence of partners
  • Not much flexibility for partners (e.g. non-competition clauses)

Last modification 09.04.2021

Top of page

https://www.kmu.admin.ch/content/kmu/en/home/savoir-pratique/creation-pme/creation-d_entreprise/choisir-une-forme-juridique/societe-en-nom-collectif/societe-en-nom-collectif--avantages-inconvenients.html