Which of these is an advantage of a partnership over a sole proprietorship? a

Business Dec 25, 2020

Which of these is an advantage of a partnership over a sole proprietorship?

a. Ease of transferring ownership.

b. Unlimited liability.

c. Pooling of resources.

d. Mutual agency.

Expert Solution

Answer choice c. Pooling of resources.

Explanation:

A partnership is formed by two or more individuals. A sole proprietorship is a business owned by one person. One of the advantages of a partnership is that multiple partners come together and bring their resources such as their investments and assets.

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