a disadvantage of forming a partnership is that owners\ncan find it tougher to start and stop a…

a disadvantage of forming a partnership is that owners\ncan find it tougher to start and stop a business.\ncan find it more difficult to get a bank loan.\nare only responsible for their own finances.\nare fully responsible for their partners losses.

a disadvantage of forming a partnership is that owners\ncan find it tougher to start and stop a business.\ncan find it more difficult to get a bank loan.\nare only responsible for their own finances.\nare fully responsible for their partners losses.

Answer

Brief Explanations:

In a partnership, partners have unlimited liability for the debts and losses of the business, including those of their partners. Starting and stopping a business is often easier in a partnership compared to some other structures. Partnerships can also sometimes have an easier time getting loans due to combined resources. And partners are not only responsible for their own finances but also for those of the partnership and their partners.

Answer:

are fully responsible for their partners’ losses.