Which of the following is a significant disadvantage of a general partnership? - 2409

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Which of the following is a significant disadvantage of a general partnership?

a. The cost of forming it is high.

b. Each partner is fully responsible for the liabilities incurred by the partnership.

c. There is a risk associated with the industry in which it operates.

d. Forming the business is very complex. 

Solution Description

Which of the following is a significant disadvantage of a general partners