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In some situations, individual business partners are not obligated to consult with other participants in certain business agreements. The fact that a partner can make business decisions without consulting the other partners is considered to be a disadvantage of a ________.

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alexmabecerra

Answer:

The answer is Limited Liability Partnership (LLP).

Explanation:

This type of partnership allows each member to have individual responsibilities. This also means one partner is not responsible for another's misbehaviour.

Besides individual decision-making, which could be problematic, other disadvantages of LLP include short duration, as the agreement can be undone by the partners at any time; and the fact that LLP's are not legally recognised in every state.

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