One Disadvantage of ________ Is the Initial Cost of Formation

question 52

Multiple Choice

One disadvantage of ________ is the initial cost of formation.

• A) corporations
• B) general partnerships
• C) sole proprietorships
• D) limited partnerships

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Definitions:

UPA

Uniform Partnership Act, which is legislation adopted by various states in the USA to govern partnership formation and operation.

Causes

The reasons or motivations behind an event or action, explaining why it occurred.

Withdrawal

The act of removing oneself or one's assets from a participation or investment, or ceasing to be involved in an activity.

UPA

This could refer to the Uniform Partnership Act, which is a set of laws adopted by some states in the U.S. that regulate the operations of partnerships.