Which of the following statements about the partnership as a form of business ownership is true?
A)Termination of the partnership is simple.
B)Liability for the partners is limited.
C)Disagreements between partners are rare.
D)Formation of the partnership is simple.
E)Stockholders in partnerships have voting rights.

Question

Quizplus · Accepted Answer

Formation of a partnership is generally simpler than setting up a corporation. Partnerships require fewer formalities and legal restrictions, making them easier to establish.

Which of the Following Statements About the Partnership as a Form