Limited liability is a major advantage of a partnership as compared to a corporation.

Name: Limited liability is a major advantage of a partnership as compared to a corporation.
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Limited liability is a major advantage of a corporation as compared to a partnership. In a partnership, each partner is personally liable for the debts and obligations of the business. In contrast, a corporation's shareholders have limited liability and are only responsible for the amount of their investment in the company.

Limited Liability Is a Major Advantage of a Partnership as Compared