The worst aspect of partnerships is
A) the difficulty in forming them.
B) the decisions about control and compensation.
C) the possibility that a partner might be personally liable for firm obligations.
D) that the firm's books and records must be made publicly available annually.
E) that firm profits are taxed twice: once to the firm, and again to the partners when they get distributions.

Question

Quizplus · Accepted Answer

In a partnership, partners can be personally liable for the debts and obligations of the firm, which is a significant risk compared to other business structures like corporations where liability is limited.

The Worst Aspect of Partnerships Is