GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Disadvantages include limited life and the potential for conflict between partners
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Sole Propriotorship
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Partnership
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Corporation
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None of the above
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Explanation:
Detailed explanation-1: -One of the benefits of a general partnership is that it is relatively easy to set up and has lower ongoing costs than other structures, since there is no annual tax return to file. However, each partner’s assets can be at risk and the co-owners are liable for each other’s activities.
Detailed explanation-2: -Breakdown in trust. Company struggles. Different priorities. Financial inequity. Investment levels. Lack of boundaries. Management style. Personal habits. More items •24-Jun-2022
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