People are likely to form a partnership because it offers:

Question

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People are likely to form a partnership because it offers greater financial resources. In a partnership, two or more individuals can combine their resources and invest in a business venture, which can provide more funds for startup costs and expansion. Additionally, partnerships often have less formal requirements and less regulatory oversight than corporations, making it a more accessible option for small businesses. The other options, such as limiting liability, unlimited financial liability, and double taxation, are not primary reasons why people form partnerships.

People Are Likely to Form a Partnership Because It Offers