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Dis advantages of being a partnership?

Updated: 8/17/2019
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14y ago

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abual you idoit why were you sucking goose

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Dis advantages of having a partnership?

if your name is abu you can go suckgooose and please leave ismail alone


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Some advantages of a partnership business is that the gains and losses are shared, you share the resposibilities, and it's easy to set up. But some disadvantages to a partnership business is that each partner is 'jointly and severally' liable for the partnership's debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts, there is a risk of disagreements and friction among partners and management, and each partner is an agent of the partnership and is liable for actions by other partners