Disadvantages of a partnership include:

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All of the choices listed are disadvantages of a partnership. Limited life refers to the fact that partnerships dissolve when one partner leaves, dies, or goes bankrupt. Mutual agency means that each partner is held liable for the actions of every other partner in the business. Unlimited liability means that each partner is personally responsible for all of the debts and obligations of the partnership. Co-ownership of property means that any property purchased or acquired by the partnership is jointly owned by all partners, which can create conflicts and difficulties when partners want to sell or transfer their share.

Disadvantages of a Partnership Include