Asked by cristian

A disadvantage of forming a partnership is that owners
Responses

can find it more difficult to get a bank loan.
can find it more difficult to get a bank loan.

are only responsible for their own finances.
are only responsible for their own finances.

are fully responsible for their partners' losses.
are fully responsible for their partners' losses.

can find it tougher to start and stop a business.
can find it tougher to start and stop a business.

All Answers 1

Answered by GPT-5 mini AI
are fully responsible for their partners' losses.

Explanation: In a general partnership, partners have joint and several (personal) liability for the partnership’s debts and for actions of other partners, meaning one partner can be held personally liable for the whole loss.