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You are a residential construction contractor considering forming a partnership with two other individuals. This partnership would support a larger marketing program and the possibility

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You are a residential construction contractor considering forming a partnership with two other individuals. This partnership would support a larger marketing program and the possibility of qualifying for larger government contracts. What might be a consideration(s) that would discourage you from forming this partnership? Note: this is not a limited partnership or a S-Corp. (MARK ALL THOSE THAT APPLY) A financial loss incurred by one member of the partnership becomes a shared liability Illegal activities conducted by one of the other partners could increase my legal exposure because a costly legal action is shared by all partners A financial loss incurred by one member of the partnership will not impact the other partner Decision making could be more complex, getting agreement on major financial decisions could be an issue

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