Which of the following is a disadvantage of partnerships?
A) They have a high cost of formation.
B) They are tax-paying entities.
C) They are subject to more governmental supervision than corporations.
D) They need to obtain a license if they wish to operate in more than one state.
E) They will be dissolved any time a partner leaves the partnership.

Question

Quizplus · Accepted Answer

A general partnership is dissolved any time there is a change in the partners. For example, if a partner dies, retires, or otherwise withdraws from an organization, the partnership is dissolved.

Which of the Following Is a Disadvantage of Partnerships