What major advantage does a partnership have that a sole proprietorship does not? A. Partnerships combine partners’ assets. B. The business is easy to start up. C. Partners are not responsible for business debts. D. The business is easy to sell.
As the partnership is used for the business that mange there share and where the partner is liable for the profits and these are done in the name of mutual interest s and its more like a team and the assets shared among both the parties and have limited liabilities and is a form of the legal entity.
And thus helps in risk diversification and tax negotiation.
