Question

Explain any two limitations of partnership form of business organisation

Answer 1

Limitations of Partnership Form: Unlimited liability: The major disadvantage of such firm is that partners have unlimited liability. Limited capital: Such firms have limited capacity to raise capital because of the limit of maximum partners. Conflicts: Misunderstanding and conflicts may arise among the partners.

Answer 2

Answer:

It is the limitation of partnership form of business organisation✔️♥️