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    lusalik2101's Avatar
    lusalik2101 Posts: 3, Reputation: 1
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    #1

    Feb 28, 2007, 06:08 PM
    Unlimited liabilities in partnership
    Could you explain why the unlimited liability is a tremendous advantage of a stasrting a partnership
    KongTheKonqueror's Avatar
    KongTheKonqueror Posts: 75, Reputation: 13
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    #2

    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.
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