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All of the following are advantages of partnerships except one. Which of the following is the exception? Question 1 8 options: They are relatively easy

All of the following are advantages of partnerships except one. Which of the following is the exception?

Question

18

options:

They are relatively easy to start.

Their profits are taxed only once as personal income.

Their liability is limited by each partner's share of the business.

They offer a greater opportunity for specialization by the owners.

They enable continuation of the firm if one partner dies.

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