A partnership has which of these sets of characteristics?
A)Harder to raise funds and gives the owner full control.
B)Shared control,increased skills and resources.
C)Simple to set up but substantial government regulation.
D)Easier to transfer ownership and raise funds,and no personal liability.

Question

Quizplus · Accepted Answer

A partnership involves sharing control and resources between two or more individuals, which can lead to increased skills and resources. It can be easier to set up than other forms of business, but may still require some regulation depending on the type of partnership. However, unlike a sole proprietorship, partners may have personal liability for the actions of the business. It may also be harder to raise funds compared to a corporation, but easier compared to a sole proprietorship.

A Partnership Has Which of These Sets of Characteristics