Final answer:
Transferring ownership interest in a partnership is generally harder than in a corporation due to legal entanglements of liabilities, debts, and the requirement for mutual agreement of existing partners to admit new ones.
Step-by-step explanation:
It is generally harder to transfer one's ownership interest in a partnership than in a corporation, and this statement is true. A partnership is a business arrangement where two or more individuals share ownership and the responsibilities of running the business. This shared responsibility means that partners are legally entangled in terms of liabilities and debts that the business incurs, which can make transferring ownership interest complicated.
Unlike corporations, where ownership is represented by shares that can be easily bought and sold, a partnership typically requires the agreement of the existing partners to admit a new partner. Additionally, the partnership agreement may have restrictions on transferability. The process for bringing in a new partner or transferring ownership interest often requires negotiation and legal documentation, making it a less fluid process than transferring corporate stock.