Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 16 - No. 5)
Which of the following is an advantage of a partnership compared to a sole proprietorship?
Less regulatory compliance.
Unlimited liability.
Easier to raise capital.
All profits are taxed at a single rate.
Explanation
Partnerships can often access more capital than a sole proprietorship, due to the combined resources of the partners.
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