A disadvantage of a partnership is
A) Unlimited liability of each general partner
B) It is about as easy to start as a proprietorship
C) Partners, as individuals, pay income taxes only on the income generated from their share of the profit.
D) None of the above

Question

Quizplus · Accepted Answer

In a general partnership, each partner has unlimited liability, meaning they are personally responsible for the debts and obligations of the business. This can be a significant disadvantage compared to other business structures where personal liability is limited.

A Disadvantage of a Partnership Is