Richard,Sarah,and Trevor form a partnership because it offers the following advantage:
A)limiting liability of partners to the value of their interests in the company
B)unlimited financial liability
C)greater financial resources
D)double taxation

Question

Quizplus · Accepted Answer

The advantage offered by forming a partnership with multiple partners is greater financial resources. This means that there will be more capital and funds available for the business, which can lead to more opportunities for growth and expansion. Option A is a benefit of forming a limited liability company (LLC), not a partnership. Option B is a disadvantage of forming a partnership because partners have unlimited financial liability. Option D is a disadvantage of forming a corporation, not a partnership.

Richard,Sarah,and Trevor Form a Partnership Because It Offers the Following