Each of the following is a disadvantage of the partnership, Ask an Expert

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Each of the following is a disadvantage of the partnership form of business organization EXCEPT

A. The partners have unlimited liability in the partnership.

B. The partnership is dissolved when any one of the partners passes away.

C. It is difficult to liquidate or transfer ownership in a partnership business.

D. Taxes paid on partnership earnings are generally higher than those paid on earnings in a sole proprietorship, as partnership earnings are taxed at the corporate income tax rate.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91729129

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