Question

Which problem is more likely to affect a partnership than a corporation?

A.) It is overly expensive and complicated to get started.
B.) Shareholders may remove the owners from the company.
C.) The business may end if one owner chooses to leave.
D.) There are too many legal regulations controlling the business.

Answer 1

c

Step-by-step explanation:

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Answer 2

C.) The business may end if one owner chooses to leave.

Step-by-step explanation:

A partnership business requires two or more people to come together and make a formal agreement to combine their resources to do business. Usually, partnerships are founded by people with the same business vision. Owners of a partnership business are known as partners.

Partners share responsibilities in running the business. Profits and losses realized are shared as per the partnership deed. A partnership business is simple in formations. Partners can raise capital with relative ease than a sole trader. The business passes its income as the income of partners. However, the death, withdrawal, or bankruptcy of one partner may lead to the partnership's dissolution.