Compared to a sole proprietorship, what would be a major advantage of a general partnership?
A) It is considered to be a permanent business organization.
B) It would be able to completely avoid the problem associated with unlimited liability.
C) It would be able to take advantage of complementary skills and shared workload.
D) It is easier and less expensive to form.

Question

Quizplus · Accepted Answer

A major advantage of a general partnership compared to a sole proprietorship is the ability to take advantage of complementary skills and shared workload. In a partnership, each partner brings their own expertise and abilities to the table, allowing for a more efficient and effective business operation. This can lead to increased innovation and the ability to tackle more complex projects.

Compared to a Sole Proprietorship, What Would Be a Major