Answer:
hello there!
I hope my answer will help you.
Step-by-step explanation:
=>Disadvantages of a partnership include that:-
-the liability of the partners for the debts of the business is unlimited
-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
-each partner is an agent of the partnership and is liable for actions by other partners
-if partners join or leave, you will probably have to value all the partnership assets and this can be costly.