Compared to a sole proprietorship, which of the following is considered an advantage of a general partnership?
A) Ability to pool financial resources
B) Unlimited liability for all owners
C) Division of profits among owners
D) Ease and flexibility in transferring shares of ownership to others

Question

Quizplus · Accepted Answer

General partnerships allow partners to pool their financial resources, which can lead to a stronger financial base for the business. This is an advantage over sole proprietorships, where the owner must supply all the capital.

Compared to a Sole Proprietorship, Which of the Following Is