Compared to a sole proprietorship,which of the following is considered an advantage of a general partnership?
A)Limited liability for all owners.
B)Ease and flexibility in transferring shares of ownership to others.
C)Equal division of profits among the owners.
D)More financial resources.

Question

Quizplus · Accepted Answer

A general partnership can access more financial resources compared to a sole proprietorship due to the presence of multiple owners who can contribute capital. However, this also means that all partners share unlimited personal liability for the business's debts and obligations.

Compared to a Sole Proprietorship,which of the Following Is Considered