Final answer:
It is false that a partnership requires no registration with the SEC regardless of capital amount; while initial operation is possible, registration provides legal rights and trust for raising capital. Partnerships face less regulation than corporations but partners pay individual taxes on income.
Step-by-step explanation:
The statement that a partnership with a capital of P3,000 or more is valid even if it is not registered with the Securities and Exchange Commission (SEC) is false. In most jurisdictions, partnerships can operate without registration when starting up, however, there are certain advantages and legal protections that come with registration. For example, a registered partnership could be subject to greater scrutiny, but this also affords it certain legal rights and the ability to bring lawsuits. Additionally, raising capital might be easier for a registered entity since it can be more trusted by investors and financial institutions.
Partnerships are indeed subject to little government regulation compared to corporations which require formal legal arrangements including government permission to incorporate. Once incorporated, these entities can raise finances either by becoming public and selling shares or remain private companies. Each partner in a partnership is taxed on their individual share of the income, unlike corporations where the business entity itself is taxed.