Respuesta :
Answer:
D. All partners have to agree with each other when making business decisions
Explanation:
Partnership refers to a form of business agreement wherein, two or more individuals agree to carry on a business and share it's risks and rewards in a specified profit sharing ratio as provided in the partnership deed.
Under general partnership, all partners are subject to unlimited liability which means in case of massive losses, partner's personal assets can be sold to repay partnership debts. Limited partnership restricts the liability of partners to the extent of capital contributed by them.
The advantages of limited partnership being,
- easy and convenient to raise finance and investments in the form of new partners joining in.
- partners are taxed individually, with respect to the profits they receive.
- partners assume limited liability
- no necessary participation required in the business of such partnership to receive a share in profits.
Answer:
D. All partners have to agree with each other when making business decisions.
Explanation:
Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
General Partnerships have partners, who personally have unlimited liability against firm's claims. Limited Partnerships is a partnership between two or more people, where limited partner(s) are not personally liable for firm's debts & general partner(s) are personally responsible for firm's debts.
It's advantages are : personal assets of limited partners are protected, they have flexibility to add more partners for more capital. This can help firm raise huge funds for investing, expansion
However, it doesn't have advantage of : 'All partners agreement to business decisions'; as limited partners have lesser decision making power in the partnership firm than the general partners.
