Compared to a sole proprietorship, a general partnership:
A) has certainty regarding how long a business will last.
B) is likely to have a stronger financial base.
C) has limited ability to attract and maintain employees.
D) is likely to have limited liability.

Question

Quizplus · Accepted Answer

A general partnership is formed by two or more individuals who agree to share profits and losses. Unlike a sole proprietorship, a partnership has the benefit of multiple owners contributing capital and other resources, which can help create a stronger financial base. However, like a sole proprietorship, a general partnership has unlimited liability.

Compared to a Sole Proprietorship, a General Partnership