Only one (1) benefit for each type of business entity was required, however for the sake of expanding students' knowledge, three (3) benefits are listed for each below.
2. Benefits of operating as a partnership:
3. Benefits of operating as a company/corporation:
4. Benefits of operating as a non-governmental organization (NGO):
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The author holds a Bsc (Hons) Degree in Applied Accounting from Oxford Brookes University, England and enjoys a successful career as an Accounting Supervisor and a private tutor.