The advantage of a partnership over a sole trader business structure is:
A) limited liability.
B) not required to prepare financial statements in accordance with accounting standards.
C) mutual agency.
D) greater access to skills and resources.

Question

Quizplus · Accepted Answer

A partnership allows for multiple individuals to combine their skills and resources, leading to the potential for greater success than a sole trader business structure.

The Advantage of a Partnership Over a Sole Trader Business