A general partnership avoids the problem of _________ endemic to corporations.
A)disagreements
B)unlimited liability
C)double taxation
D)withdrawal

Question

Quizplus · Accepted Answer

General partnerships avoid the problem of double taxation because profits are passed directly to the partners and taxed as personal income, unlike corporations where profits can be taxed at both the corporate and personal levels.

A General Partnership Avoids the Problem of _________ Endemic to Corporations