Which statement is true about partnerships in the United States?
A)about 10% of U.S.businesses are partnerships
B)most partnerships are very large
C)setting up a partnership is easier than setting up a sole proprietorship
D)it is possible to form a partnership without the help of a lawyer or an accountan

Question

Quizplus · Accepted Answer

According to the U.S. Census Bureau, partnerships make up about 10% of all U.S. businesses. B is incorrect because partnerships can range in size and there is no indication that most partnerships are very large. C and D are incorrect because setting up a partnership can involve legal and accounting considerations, and it is recommended to seek professional assistance.

Which Statement Is True About Partnerships in the United States