Answered

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What kind of advantage are you likely to enjoy in a partnership?

A. Higher liability than in sole ownership
B. Ability to raise capital from the market
C. Greater decision-making freedom than a sole trader
D. Higher capital when you go into business
E. The government recognizing your business as a separate entity

Sagot :

GinnyAnsweridn

Final answer:

Partnerships provide advantages such as raising more capital, shared tax responsibilities, and attractiveness to investors.


Explanation:

Partnership offers several advantages, one of which is the ability to raise more capital compared to sole proprietorship due to greater assets being contributed. Additionally, in a partnership, each partner pays taxes on their share of the income, relieving the business itself from tax obligations. Another advantage is the ease of attracting investors due to the shared ownership structure.


Learn more about Advantages of partnerships here:

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