Question

Because of the unlimited liability of all partners, a general partnership most

closely resembles which other business type?
A. Public corporation
*B. Sole proprietorship
C. Board of directors
D. Limited partnership

Answer 1

The correct answer is B, sole proprietorship.

A general partnerships is very similar to a proprietorship. One of the biggest detractors from both a partnership and a proprietorship is that the owners are personally responsible for the debts of the company.

Answer 2

sole proprietorship ( B )

Step-by-step explanation:

partnership is a kind of business that involves the pooling of resources together by two or more partners with the aim of successfully setting up a business venture.

In a partnership business depending on the number of partners and the agreement between partners. the partners have an unlimited liability as seen with sole proprietorship module of business. although a partner or some partners might be excluded from the unlimited liability status if they are in the partnership as "silent partners"

public corporations,Board of directors and limited partnership all have limited liabilities on the investors/partners involved with the company.