Which of the Following Is a Valid Difference Between Sole

question 19

Multiple Choice

Which of the following is a valid difference between sole proprietorship and partnership?

• A)Partnerships require a written agreement while sole proprietorships do not.
• B)Partnerships require a state charter while sole proprietorships do not.
• C)Partnerships generate lower profits than sole proprietorships.
• D)Partnerships are characterized by unlimited liability, while sole proprietorships are not.
• E)Partnerships consist of two or more partners sharing the responsibility of the firm, while sole proprietorship consists of a single individual.