| Statement |
Advantage |
Disadvantage |
| a)Losses are shared. |
|
|
| b)Unlimited liability. |
|
|
| c)Combine different talents of the partners. |
|
|
| d)Decision making process is slow. |
|
|
| e)Death of active partner will affect continuity of business |
|
|
| f)Action taken by one partner may make others suffer. |
|
|