A disadvantage of a partnership over other forms of business ownership is

Name: A disadvantage of a partnership over other forms of business ownership is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Partnerships involve a situation where each partner is legally responsible for the actions of the other partners. This can lead to personal liability for the debts and obligations of the business, which is a significant disadvantage compared to structures like corporations, where owners have limited liability.

A Disadvantage of a Partnership Over Other Forms of Business