Which of the following is an advantage of the general partnership form of business organization?
A) limited liability of business owners
B) low cost of formation
C) easy ability to raise capital
D) double taxation

Question

Quizplus · Accepted Answer

The low cost of formation is a notable advantage of the general partnership form of business organization. In this type of partnership, the business can easily be created by two or more individuals without the need for legal formalities or significant start-up costs. The other options, including limited liability, easy ability to raise capital, and double taxation are not advantages of this form of business organization.

Which of the Following Is an Advantage of the General