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Limitations of partnership

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Limitations of partnership

Posted by Mritunjay Yadav 7 years, 2 months ago

CBSE > Class 11 > Business Studies

2 answers

Sonali Aggarwal 7 years, 2 months ago

In a partnership firm the resources are limited but the liabilities are unlimited.

It is difficult to withdraw the investment as the consent and coordination of all the partners is must.

There are more chances of conflicts among the partners.

0Thank You

Mritunjay Yadav 7 years, 2 months ago

Unlimited liability

3Thank You

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