Partnerships Differ from Sole Proprietorships Because Partnerships

Multiple Choice

Partnerships differ from sole proprietorships because partnerships

A) generate fewer profits than do sole proprietorships.
B) are characterized by unlimited liability and sole proprietorships are not.
C) consist of two or more partners sharing the responsibilities of the firm and sole proprietorships do not.
D) require a written agreement and sole proprietorships do not.
E) require a state charter and sole proprietorships do not.