Disadvantages of partnerships

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Legal Issues and other Home Office topics.

What´s the best way to avoid problems in a business partnership?

Disadvantages of partnerships

In a business partnership, both partners can ge held liable for the commitments and liabilities of either of the partners. Check with an attorney before you form a partnership to make sure you understand what liabilities you may be creating for yourself.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Home Office Tip Site? Request a Tip Now!

Guru Spotlight
Phyllis Serbes