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What advantage does a partnership have over a sole proprietorship?

The responsibility is shared.Burden of dept can be shared.


What are the disadvantages of a partnership over a sole proprietorship?

One of the main disadvantage of partnership over sole proprietorship is that you cannot excercise full power over the decisions and need to get other partners/partner onboard.


What advantages does a partnership have over a sole proprietorship's?

The responsibility is shared.Burden of dept can be shared.


Which of the following is not an advantage of a corporation over a partnership?

Corporations have an easier time raising money to start or expand a business.


What advantage does a corporation have over a sole proprietorship or a partnership?

A corporation has the advantage of limited liability, which means that the owners' personal assets are protected from the company's debts and legal obligations. This is not the case for sole proprietorships or partnerships, where the owners are personally liable for the business's liabilities.


A corporation has an advantage over a proprietorship because corporate organization?

limits the liability of each investor


What is the advantage of a partnership over a corporation?

One advantage of a partnership over a corporation is that partnerships have simpler and more flexible management structures, allowing partners to make decisions more quickly and easily.


What has been an advantage of partnership over the sole proprietorships?

No options are given to answer this question.


What were the advantage of corporations over partnership Why were they good for investors and partner?

Corporations have limited liability.


Is an advantage the owners of a sole proprietorship enjoy over the owners of a corporation?

Sole proprietors get to make all of the business decisions themselves.


What is an advantage the owners of a sole proprietorship enjoy over the owner of a corporation?

Sole proprietors get to make all of the business decisions themselves.


What Advantage the owners of a sole proprietorship enjoy over the owner of a corporation?

Sole proprietors get to make all of the business decisions themselves.