Question

Why are Partnerships often favored over corporations?

what are two types of Partnerships?

which of the following would not be considered an advantage of a partnership?

please help

Answer 1

1. A partnership structure eliminates the divided tax levied upon profits realized by the owners.

2. A partnership usually involves low start-up costs

Answer 2

Why are partnerships often favored over corporations? Partnerships are often favored over cooperations because they are held to a different standard when it comes to tax policies. Taxes are typically a lot lower for a partnership over a cooperation.

What are two types of partnerships? A general partnership and a limited partnership are two types of partnerships.

Which of the following would not be considered an advantage of a partnership? There were no choices listed for this question, but the other two answers will hopefully help.