Which of the following partnership characteristics is an advantage? a. Unlimited liability b. Limited life c. Ease

Question:

Which of the following partnership characteristics is an advantage?
a. Unlimited liability
b. Limited life
c. Ease of dissolution
d. Mutual agency
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

Question Posted: