A partnership may be preferable to a corporation when the business venture is new and expects to

Question:

A may be preferable to a when the business venture is new and expects to incur losses in its early years. Explain why.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...