A partnership does not offer limited liability to its owners. The partners are personally liable for all

Question:

A 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 form.
What characteristics of the form make it particularly desirable as a business entity? Particularly undesirable?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...