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Which one of the following would not be considered a disadvantage of the partnership form of organization?

a. Limited life.
b. Unlimited liability.
c. Mutual agency.
d. Ease of formation.

User Viswa
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1 Answer

3 votes

Answer:

d. Ease of formation.

Step-by-step explanation:

A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.

Basically, there must be mutual understanding and assent between the parties involved in the establishment or creation of a partnership form of organization (business).

Additionally, a partnership form of business is considered to be one of the easiest type of business to start up or form once there is an agreement between two or more individuals to establish a lawful and legal business.

Hence, ease of formation wouldn't be considered a disadvantage of the partnership form of organization.

User Metu
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