The partnership form of an organization
A) avoids the double taxation of earnings and dividends found in the corporate form of organization.
B) usually provides limited liability to the partners.
C) has unlimited life.
D) simplifies decision making.

Question

Quizplus · Accepted Answer

The partnership form of organization avoids the double taxation of earnings and dividends found in the corporate form of organization. However, it does not provide limited liability to the partners, has an unlimited life, and decision-making can be complicated as partners may disagree on certain issues.

The Partnership Form of an Organization