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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



Answer :

GinnyAnswer

Final answer:

Partnerships offer benefits such as raising capital, shared liability, and flexible decision-making.


Explanation:

Partnership offers the advantage of being able to raise capital from investors. This means that partners can contribute assets, allowing the business to access more funds than a sole proprietorship.

In a partnership, each partner shares the liability for losses, potentially reducing individual liability compared to a sole proprietorship. Decision-making in a partnership is shared among partners, offering greater flexibility compared to a sole trader scenario.


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