Question: A partnership does not offer limited liability to its owners

A partnership does not offer limited liability to its owners. The partners are personally liable for all of the partnership’s obligations should it default. This is clearly the greatest disadvantage of the partnership form.
What characteristics of the partnership form make it particularly desirable as a business entity? Particularly undesirable?

View Solution:


Sale on SolutionInn
Sales0
Views76
Comments
  • CreatedOctober 02, 2015
  • Files Included
Post your question
5000