One of the main features of a partnership is?

A partnership is a business structure where two or more people operate a business together and share the profits and losses. One of the main features of a partnership is the lack of corporate existence. This means that the partnership is not a separate legal entity from its owners, which implies that the owners are personally responsible for the debts and obligations of the partnership. In other words, the partners are liable for the debts and obligations of the business, and their personal assets may be used to pay off any debts incurred by the partnership.