Which of the following is NOT a DISADVANTAGE of a partnership?
A)Unlimited liability to at least some of the owners
B)The limited life of the business
C)The potential difficulty in transferring ownership
D)All are disadvantages of a partnership.

Question

Quizplus · Accepted Answer

All the options listed (A, B, and C) are indeed disadvantages of a partnership, making D the correct answer. In a partnership, at least some of the owners (general partners) have unlimited liability, the business might have a limited life due to its dependence on the partnership agreement or the life of the partners, and transferring ownership can be difficult without the consent of the other partners.

Which of the Following Is NOT a DISADVANTAGE of a Partnership