What are the disadvantages of a partnership over a limited liability company form of organization for a

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What are the disadvantages of a partnership over a limited liability company form of organization for a profit-making business?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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