A disadvantage of a partnership is that any partner may have to pay all of the debts of the company regardless of who incurred the debts.

Name: A disadvantage of a partnership is that any partner may have to pay all of the debts of the company regardless of who incurred the debts.
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Question

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In a partnership, each partner has unlimited liability, which means they are personally responsible for all debts of the company. This means that any partner may have to pay all of the debts, even if they did not incur them.

A Disadvantage of a Partnership Is That Any Partner May