A disadvantage of a general partnership is that:
A)there is difficulty in the formation of the company.
B)it involves double taxation for the partners.
C)there is difficulty in withdrawing from the company.
D)their financial base is usually weaker than that of a sole proprietorship.

Question

Quizplus · Accepted Answer

In a general partnership, one of the disadvantages is that partners may have difficulty withdrawing or leaving the company due to the shared responsibilities and liabilities. This can lead to conflicts and issues in the management and decision-making of the partnership.

A Disadvantage of a General Partnership Is That