One of the advantages of a partnership is:
A)limited liability.
B)the salaries of the partners can be written off as an expense.
C)ease of formation.
D)income tax is paid by the business.

Question

Quizplus · Accepted Answer

An advantage of the partnership form of business is the ease of formation.The partners have unlimited liability for the partnership's debts,the amounts paid to the partners are drawings (not expenses of the business),and income tax is paid by the owners (not the partnership).

One of the Advantages of a Partnership Is