Multiple Choice
Which of the following statements about partnerships is the most accurate?
A) A partnership is simply a corporation with fewer than 100 owners.
B) Partnerships are taxed at the lowest corporate tax rate.
C) A major drawback of a partnership is that it is difficult to terminate.
D) A major advantage of a partnership is that it offers owners limited liability.
Correct Answer:
Verified
Correct Answer:
Verified
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