Which of the following is not a primary advantage of a general partnership relative to a corporation?
A)The ease of formation.
B)The limited liability for the owners.
C)The business is not taxed separate from the partners.
D)The complete control of the business given to the partners.

Question

Quizplus · Accepted Answer

One of the primary advantages of a corporation is limited liability for its owners, which means they are not personally responsible for the company's debts and legal obligations. This is not a benefit of a general partnership, as all partners are personally liable for the partnership's debts and actions. Therefore, option B is the correct answer.

Which of the Following Is Not a Primary Advantage of a General