Which of the following is an advantage of a general partnership when compared to
ID: 2445403 • Letter: W
Question
Which of the following is an advantage of a general partnership when compared to a corporation?
The partnership is more likely have a net income.
The partnership is relatively inexpensive to organize.
Creditors to a partnership cannot attach personal assets of partners.
The partnership usually hires professional managers.
The partnership is more likely have a net income.
The partnership is relatively inexpensive to organize.
Creditors to a partnership cannot attach personal assets of partners.
The partnership usually hires professional managers.
Explanation / Answer
The partnership is relatively inexpensive to organize.
In establishing corporation lot of expenses are incurred.
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