Ask Question
BusinessBusiness
10 May, 03:35

What are the main disadvantages of a partnership?

+5
Answers (1)
  1. 10 May, 05:22
    0
    A partnership is a simple way for two or more people to organize their joint business. Unlike a sole proprietorship, a partnership by definition allows for more than one business owner It does not require complex state registration, and filing tax returns for a partnership is easier than doing so for a corporation. However, there are several disadvantages to organizing and running a business as a partnership, especially in terms of liability.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are the main disadvantages of a partnership? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the accounts below would appear on an adjusted trial balance but probably would not appear on the trial balance? Group of answer choices Fees Earned Accounts Receivable Unearned Fees Depreciation Expense
Answers (1)
Hay, Straw and Clover formed the HSC Partnership, agreeing to share profits and losses equally. Clover will manage the business for which he will receive a guaranteed payment of $30,000 per year.
Answers (1)
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate which of the following? A. More expensive, superior materials requiring less than the standard amount were used in production. B.
Answers (1)
I have a fallacious argument is one that is based on
Answers (1)
Former-CEO Kalanick's question of "What kind of brand do we want to be?" represents which stage of the strategic management process? Multiple Choice a. maintain strategic control formulate b. the grand strategy and strategic, c.
Answers (1)
New Questions in Business
Murphy Manufacturing estimated $100,000 in manufacturing overhead and 5,000 direct labor hours for 2016. Actual overhead for the year was $120,000 and 7,500 actual direct labor-hours were used.
Answers (1)
Under workers' compensation: a. the employee loses the right to litigation against the employer for covered incidents. b. employee fault controls compensation. c. injuries by fellow employees are not covered. d. none of the above
Answers (1)
Many theme parks charge an entrance fee and a per-ride fee equal to zero. This is an example of
Answers (1)
Kelton Inc. reported net credit sales of $310,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $525. The company has experienced bad debt losses of 2% of credit sales in prior periods.
Answers (1)
Savings: $2,500 Discretionary spending: $450 per month What are the disadvantages of choosing the lease? Check all that apply. I do not have enough money for the down payment. I must make sure not to drive more than 10,000 miles a year.
Answers (2)
Home » Business » What are the main disadvantages of a partnership?
Sign Up Forgot Password?