What are the three drawbacks of being a partnership? What will be an
QUESTION
What are the three drawbacks of being a partnership?
What will be an ideal response?
ANSWER
Answer: (1) Experience personality conflicts or other disagreements among partners. (2) Have unlimited liability. (3) Have difficulty ending or changing the partnership and can’t pass the business along.
Explanation: The three drawbacks of being a partnership are: (1) Experience personality conflicts or other disagreements among partners. (2) Have unlimited liability. (3) Have difficulty ending or changing the partnership and can’t pass the business along.
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