Which of the following is NOT a primary disadvantage of a regular partnership?
A)unlimited liability
B)limited life of the organization
C)difficulty in transferring ownership
D)unlimited life of the organization

Question

Quizplus · Accepted Answer

Regular partnerships have a limited life of the organization since they dissolve when one of the partners dies or leaves the partnership. Therefore, option D is not a primary disadvantage of a regular partnership. The other options listed are all primary disadvantages of a partnership.

Which of the Following Is NOT a Primary Disadvantage of a Regular