The principal disadvantage of the general partnership is that it imposes unlimited personal liability on the partners.

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The principal disadvantage of the general partnership is that it imposes unlimited personal liability on the partners. What is the disadvantage of the corporate form?

Why isn’t the limited partnership an entirely satisfactory solution to the liability problem of the partnership?

Posted Date: Nov 18, 2022 07:43 AM

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The principal disadvantage of the general partnership is that it imposes unlimited personal liability on the partners.

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The corporate form of business organization has several disadvantages First the corporate form is mo... View the full answer

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