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Which of the following is a disadvantage of partnerships?

Practice Questions

1 question
Q1
Which of the following is a disadvantage of partnerships?
  1. Shared decision-making
  2. Limited access to capital
  3. Unlimited liability for all partners
  4. Complex tax structure

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is a disadvantage of partnerships?
Solution: Unlimited liability for all partners is a significant disadvantage, as partners can be personally responsible for business debts.
Steps: 0

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