Which of the following is an advantage of general partnerships?
A)Partners can share the burden of running the business.
B)All partners have limited liability.
C)If a partner withdraws, his investment stays with the company.
D)Partnerships have no scope for disagreements.

Question

Quizplus · Accepted Answer

General partnerships allow for partners to share the burden of running the business, which can help alleviate stress and workload for individual partners. This can lead to a more balanced and efficient operation of the business. Option B is incorrect as general partnerships do not offer limited liability protection for partners. Option C is incorrect as a withdrawing partner would generally take their investment with them. Option D is incorrect as any type of business, including partnerships, have the potential for disagreements.

Which of the Following Is an Advantage of General Partnerships