There are three primary disadvantages of a regular partnership: (1) unlimited liability, (2) limited life of the organization, and (3) difficulty of transferring ownership.These combine to make it difficult for partnerships to attract large amounts of capital and thus to grow to a very large size.

Question

Quizplus · Accepted Answer

The statement accurately describes the three primary disadvantages of a regular partnership and how they can hinder the ability to attract large amounts of capital and grow to a large size.

There Are Three Primary Disadvantages of a Regular Partnership: (1)