Which of the following is an example of a disadvantage associated with a partnership?
A)unlimited liability
B)possibility of more available credit
C)diversity of management
D)flexibility
E)ease of formation

Question

Quizplus · Accepted Answer

Partnerships often expose the partners to unlimited liability, meaning each partner can be held personally responsible for the business's debts and liabilities. This is a significant disadvantage compared to structures like corporations, where owners have limited liability.

Which of the Following Is an Example of a Disadvantage