Which one of these is an advantage of a general partnership?
A)Limited life of the firm
B)Personal liability for firm debt
C)Greater ability to raise capital than a sole proprietorship
D)Ease of transferring partnership interest
E)Limited liability

Question

Quizplus · Accepted Answer

A general partnership has the advantage of greater ability to raise capital than a sole proprietorship. This is because there are multiple partners who can contribute funds to the business, as well as potentially attracting investors who are interested in the partnership.

Which One of These Is an Advantage of a General