All of the Following Are Advantages of a Partnership EXCEPT

question 9

Multiple Choice

All of the following are advantages of a partnership EXCEPT:

• A)partnerships are relatively easy and inexpensive to establish.
• B)partnerships avoid double taxation since the partnership itself is not subject to federal taxation.
• C)partnerships have the greatest ability to accumulate capital of all of the forms of ownership.
• D)partnerships offer the ability to combine the management and business skills of two or more people in a complementary and powerful fashion.