Partnerships are a common form of business entity for small service businesses because:
A)they provide legal protection for the proprietor from the creditors of the firm.
B)they are ideal for where the business is owned by one person.
C)there are no legal requirements that need to be met to form a partnership.
D)they allow the company to buy,own and sell property.

Question

Quizplus · Accepted Answer

The Answer of Partnerships are a common form of business entity for small service businesses because:
A)they provide legal protection for the proprietor from the creditors of the firm.
B)they are ideal for where the business is owned by one person.
C)there are no legal requirements that need to be met to form a partnership.
D)they allow the company to buy,own and sell property.

Partnerships Are a Common Form of Business Entity for Small