what is a major disadvantage of partnerships?\no limited success and growth potential\no unlimited liability…
what is a major disadvantage of partnerships?\no limited success and growth potential\no unlimited liability for all partners\no shared profits between all partners\no high formation and overhead costs
Answer
Brief Explanations:
In a partnership, general partners have unlimited liability. This means their personal assets can be used to satisfy business debts. Limited success and growth potential isn't a typical major con. Shared profits can be seen as an advantage or neutral depending on the view. Formation and overhead costs aren't usually extremely high compared to the liability risk.
Answer:
Unlimited liability for all partners