76.0k views
0 votes
Which of the following is an advantage of partnerships over sole proprietorships?

A. Partnerships generally have more money to invest in starting or expanding a business.
B. Partnerships involve less paperwork and fewer legal fees.
C. Partnerships establish a democratic system for making business decisions.
D. Partnerships protect their investors against business debts incurred by the managers.

1 Answer

4 votes

Answer:

a

Step-by-step explanation:

A partnership has advantage over a sole proprietorship: It's relatively inexpensive to set up and subject to few government regulations. Partners pay personal income taxes on their share of profits; the partnership doesn't pay any special taxes.

User Scepticalist
by
8.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories