There are three primary diadvantages of a regular
partnership.
(1) Unlimited liability
(2) Limited life of the organization
(3) Difficulty of transfering ownership
These combine to make it difficult for partnership to attract large
amounts of capital thus grow to a very large size.
True or False?
Above statement is true, because, in a regular partnership these disadvantages are the main reason investor does not invest in huge amout.
There are three primary diadvantages of a regular partnership. (1) Unlimited liability (2) Limited life of...
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Discuss the potential problems in a Partnership with regards to "Limited Life" and "Unlimited Liability."
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liability company (LLC). Proprietorship Partnership Corporation LLC Attribute Present 1. Business taxed 2. Limited liability 3. Unlimited life No Yes
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