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.
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.
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