02-08-2024, 07:23 AM
Partnerships has various risks, including disagreements over decision-making, profit sharing, and workload distribution. Personal liabilities can extend to partners' actions, potentially endangering personal assets. Misalignment in goals or values may lead to conflicts, jeopardizing the partnership's stability. Moreover, relying on partners' financial stability poses risks during economic downturns. Failure to formalize agreements or adequately address contingencies can exacerbate these risks, impacting business continuity and relationships.