Which of the following is not an advantage of a general partnership?
A) Businesses losses can be deducted against the partners' other source of income.
B) The skills and abilities of more than one individual are available to the firm.
C) The liquidity of each partner's investment is low.
D) Creating one is relatively easy and inexpensive compared to a c corporation or limited liability company.
E) It is not subject to double taxation.

Question

Quizplus · Accepted Answer

The liquidity of each partner's investment is low is not an advantage of a general partnership, as partners have limited ability to sell their ownership position in the partnership.

Which of the Following Is Not an Advantage of a General