Question

Compared to a sole proprietorship, which of the following is considered an advantage of a general partnership?

A. ability to pool financial resources
B. unlimited liability for all owners
C. division of profits among owners
D. ease and flexibility in transferring shares of ownership to others

Answer 1

C. division of profits among owners

Step-by-step explanation:

in partnership only, individuals dont have to pay taxes since each partner files the profits or losses on their personal income tax return.