One drawback to a partnership is that it
A) generally has more management expertise than the sole proprietorship.
B) generally has more access to capital than the sole proprietor.
C) has unlimited liability for each of the partners.
D) is subject to double taxation.

Question

Quizplus · Accepted Answer

Partnerships have unlimited liability for each of the partners, meaning each partner can be held personally responsible for the debts and obligations of the business.

One Drawback to a Partnership Is That It