Which of the following is a disadvantage of partnership firms? A) These are taxed at multiple levels: Which of the following is a disadvantage of partnership firms? A) These are taxed at multiple levels: corporate level and individual level. B) These have more difficulty in raising capital as compared to a sole proprietorship. C) These have a mutual agency which creates personal obligations for each partner. D) These cannot be dissolved without permission of SEC.
Which of the following is a disadvantage of partnership firms? A) These are taxed at multiple levels:
Which of the following is a disadvantage of partnership firms?
A) These are taxed at multiple levels:
corporate level and individual level.
B) These have more difficulty in raising capital as compared to a sole proprietorship.
C) These have a mutual agency which creates personal obligations for each partner.
D) These cannot be dissolved without permission of SEC.
