Which is an advantage corporations enjoy over partnerships?

Question 22 options:

Corporations involve less paperwork and fewer management fees.

The taxes paid by a corporation are generally much smaller.

The owners of a corporation don't have to work together to make all of the business decisions.

Partnerships cannot protect their investors against being responsible for business debts.

Question

Business

Juliette Peterson

2 July, 02:13

Which is an advantage corporations enjoy over partnerships?

Question 22 options:

Corporations involve less paperwork and fewer management fees.

The taxes paid by a corporation are generally much smaller.

The owners of a corporation don't have to work together to make all of the business decisions.

Partnerships cannot protect their investors against being responsible for business debts.

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Answers (1)

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Gage Gould · Answer 1

The owners of a corporation don't have to work together to make all of the business decisions.

An advantage of corporations enjoy over partnerships is that the owners of a corporation don't have to work together to make all of the business decisions, while this is true for partnership. Partnership generally has more money to invest in starting or expanding a business.