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What is the primary advantage of a general partnership?

Practice Questions

1 question
Q1
What is the primary advantage of a general partnership?
  1. Limited liability for all partners
  2. Ease of formation and management
  3. Ability to raise capital through public offerings
  4. Tax benefits for partners

Questions & Step-by-step Solutions

1 item
Q
Q: What is the primary advantage of a general partnership?
Solution: The primary advantage of a general partnership is its ease of formation and management, as it requires minimal formalities.
Steps: 0

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