Which of the following is a significant disadvantage of a general partnership? - 4118

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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 gene