What major advantage does a partnership have that a sole proprietorship does not? A. Partnerships combine partners’ assets. B. T

Question

andrew-mc [135]

3 years ago

14

What major advantage does a partnership have that a sole proprietorship does not? A. Partnerships combine partners’ assets. B. T

he business is easy to start up. C. Partners are not responsible for business debts. D. The business is easy to sell.

Business

2 answers:

allochka39001 [22] · Answer 1 · 2022-01-21T13:13:04+03:00

allochka39001 [22]3 years ago

6 0

The answer is A because with a sole proprietorship you can have many partners each contributing small amounts of money, that would add up to a larger amount. :)

nydimaria [60] · Answer 2 · 2022-01-21T15:29:32+03:00

Answer:

A. Partnerships combine partners’ assets

Explanation:

As the partnership is used for the business that mange there share and where the partner is liable for the profits and these are done in the name of mutual interest s and its more like a team and the assets shared among both the parties and have limited liabilities and is a form of the legal entity.

And thus helps in risk diversification and tax negotiation.