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

Shayna Wolf

Business

15 July, 14:45

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)

Know the Answer?

Valerie Young · 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.