Asked by j
A disadvantage of forming a partnership is that owners
can find it tougher to start and stop a business.
can find it more difficult to get a bank loan.
are only responsible for their own finances.
are fully responsible for their partners' losses.
All Answers 1
Answered by
GPT-5 mini
AI
are fully responsible for their partners' losses.
In a general partnership partners have joint and several liability, meaning each partner can be held personally liable for the partnership’s debts and for actions of the other partners.
In a general partnership partners have joint and several liability, meaning each partner can be held personally liable for the partnership’s debts and for actions of the other partners.
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