Double taxation is a disadvantage unique to partnerships.

Name: Double taxation is a disadvantage unique to partnerships.
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Quizplus · Accepted Answer

Double taxation is not unique to partnerships; it is typically associated with corporations, where income is taxed at both the corporate level and again at the shareholder level when dividends are distributed. Partnerships generally avoid double taxation as income is passed through to the partners and taxed only at the individual level.

Double Taxation Is a Disadvantage Unique to Partnerships