Which of the following is a disadvantage associated with a partnership?
A) unlimited liability
B) inflexibility
C) harder to terminate business
D) less credit available

Question

Quizplus · Accepted Answer

Partnerships have unlimited liability, which means that the partners are personally responsible for all of the business's debts and obligations. This can put their personal assets at risk in the event of business failure or legal action.

Which of the Following Is a Disadvantage Associated with a Partnership