A partnership
A) is subject to a large number of government regulations.
B) can generally raise more capital than a proprietorship.
C) is provided a charter from the state.
D) is more complex to form than a corporation.

Question

Quizplus · Accepted Answer

Partnerships can generally raise more capital than a proprietorship due to the fact that there are more owners involved who can contribute funds. However, partnerships are subject to fewer regulations than corporations and are not provided a charter from the state. While there is some complexity involved in forming a partnership, it is generally less than that of a corporation.

A Partnership