A difference between partnerships and sole proprietorships is that partnerships:
A)are easier to form.
B)are managed by an elected board of directors.
C)have the advantage of limited liability.
D)have a greater chance of long term survival.

Question

Quizplus · Accepted Answer

Partnerships have a greater chance of long term survival as they have the advantage of shared responsibilities, skills, and knowledge among partners, along with increased access to capital and resources. Sole proprietorships, on the other hand, are solely owned and managed by one individual, making it difficult for them to sustain in the long term.

A Difference Between Partnerships and Sole Proprietorships Is That Partnerships