There are three primary disadvantages of a regular partnership: (1)unlimited liability, (2)limited life of the organization, and (3)difficulty of transferring ownership.These combine to make it difficult for partnerships to attract large amounts of capital and thus to grow to a very large size.

Question

Quizplus · Accepted Answer

The statement accurately reflects the primary disadvantages of a regular partnership and their impact on the partnership's ability to attract capital and grow.

There Are Three Primary Disadvantages of a Regular Partnership: (1)unlimited