Which of the following statements is correct?

A fast growth company would be more likely to set up a partnership for its business organization than would a slow-growth company.

A major disadvantage of a partnership, as a form of business organization, is the high cost and practical difficulty of its formation.

Partnerships must be formed, according to specific rules, which include the filing of a formal written agreement with state authorities, where the partnership docs business.

Partnerships have difficulty attracting capital, in part because of the other disadvantages of the partnership form of business, including impermanence of the organization.

In a partnership, liability for other partners' misdeeds includes, but is limited to, the amount a particular partner has invested in the business.

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