What is a major advantage of a business that is a partnership rather than a sole proprietorship Quizizz?
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Show Which is a major advantage of a business that is a partnership rather than a sole proprietorship?What is a major advantage of a business that is a partnership rather than a sole proprietorship? A. The partners are not responsible for the business debts.
What is an advantage of organizing the business as partnership rather than a corporation?Consider a partnership if the number of people involved is small (up to about 20) and limited liability is not necessary. Advantages of a partnership include that: two heads (or more) are better than one. your business is easy to establish and start-up costs are low. more capital is available for the business.
How is a general partnership organized Quizizz?How is a general partnership organized? Every partner shares equally in both responsibility and liability. No partner is responsible for the debts of the partnership beyond his or her investment. The doctors, lawyers, or accountants who form a general partnership hire others to run the partnership.
Which of the following is an advantage of a sole proprietorship?Answer and Explanation: The correct answer is: E. It is easy and inexpensive to form. A sole proprietorship is a business structure that is owned by one person.
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