Which of the following is not a disadvantage of forming a business as a partnership?
A) Unlimited liability for the owners.
B) Limited life of the organization.
C) Difficulty of transferring ownership.
D) Difficulty in raising capital.
E) Business is taxed like an individual.

Question

Quizplus · Accepted Answer

Partnerships are not taxed like individuals; instead, they pass through their profits or losses to the individual partners, who then report this on their personal tax returns. This avoids the issue of double taxation that corporations can face.

Which of the Following Is Not a Disadvantage of Forming