Question

explain 2 drawbacks to Aurelie and Nadine of the partnership form of legal structure

Answer 1

I hope it helps

please mark this the brainliest answer

Answer 2

Drawbacks to Aurelie and Nadine of the partnership firm of the legal structure are:

• The partners' responsibility is unlimited, both collectively and individually. If the firm finances are insufficient, partners are also obliged to pay the obligations from their confidential assets.
• A partnership company is managed by a bunch of people. The power to make decisions is shared. As a result, a clash between Aurelie and Nadine is possible. Even good decisions might be delayed due to differences of opinion.
• Due to a legal limit on the number of participants, a partnership business cannot generate significant financial resources to fund large projects. As a result, partnership companies have difficulty expanding and growing.
• Without the acceptance of all partners, a partner's partnership interest cannot be transferred to an outsider. A partner is also not permitted to invite any new partners into the partnership without the permission of the additional partners. This demonstrates that the transfer of interest is restricted.