QuestionJuly 22, 2025

A disadvantage of partnerships is that owners have possible double taxation of income. smaller tax liability. unlimited liability of partners. monitoring problems.

A disadvantage of partnerships is that owners have possible double taxation of income. smaller tax liability. unlimited liability of partners. monitoring problems.
A disadvantage of partnerships is that owners have
possible double taxation of income.
smaller tax liability.
unlimited liability of partners.
monitoring problems.

Solution
4.1(119 votes)

Answer

unlimited liability of partners. Explanation 1. Identify the disadvantage In a partnership, each partner is personally liable for the debts and obligations of the business. This means they have unlimited liability.

Explanation

1. Identify the disadvantage<br /> In a partnership, each partner is personally liable for the debts and obligations of the business. This means they have unlimited liability.
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