individual business

Decline of partnership companies in Serbia: Trust issues and common pitfalls

Although statistics show that partnerships are more likely to survive than businesses founded by individuals, their number in Serbia is steadily decreasing. By the end of last year, only 611 partnership companies were registered in the country. While half of the businesses started by individuals fail within three years, two out of three newly established partnerships survive. Despite the advantages of this form of business—such as shared responsibilities and lower initial capital requirements—fewer people are choosing it. The main reason…