lusalik2101
Feb 28, 2007, 06:08 PM
Could you explain why the unlimited liability is a tremendous advantage of a stasrting a partnership
KongTheKonqueror
Feb 28, 2007, 07:17 PM
Unlimited liability is a disadvantage when starting a partnership. One parter could be held responsible for the actions of another parter. The partner's losses could also extend beyond their investment in the partnership and reach into their personal finances.