A partnership enjoys tax advantages not available to a sole proprietor.

Name: A partnership enjoys tax advantages not available to a sole proprietor.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both partnerships and sole proprietorships are "pass-through" entities for tax purposes, meaning the income is passed through to the owners' personal tax returns, and both structures enjoy similar tax treatments without specific advantages for partnerships over sole proprietorships.

A Partnership Enjoys Tax Advantages Not Available to a Sole