All of the Following Are Advantages of Partnerships Except One

question 184

Multiple Choice

All of the following are advantages of partnerships except one.Which is the exception?

• A)they are relatively easy to start
• B)their profits are taxed once as personal income
• C)their liability is limited by each partner's share of the business
• D)a greater opportunity for specialization by the owners
• E)a continuation of the firm if one partner dies

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