Which statement is true about partnerships in the United States?
A)about 10% of U.S.businesses are partnerships
B)most partnerships are very large
C)setting up a partnership is easier than setting up a sole proprietorship
D)it is possible to form a partnership without the help of a lawyer or an accountant

Question

Quizplus · Accepted Answer

Partnerships make up about 10% of U.S. businesses. Most partnerships are small, and setting them up is generally easier than forming a corporation, but not necessarily easier than a sole proprietorship. It is possible to form a partnership without a lawyer or accountant, though professional advice is often recommended.

Which Statement Is True About Partnerships in the United States