Business organizations that are formed legally as partnerships, although they are not always as visible as corporations, still proliferate throughout this country especially in the legal, medical, and accounting professions. Discuss both the advantages and disadvantage of the partnership format, how does partnership accounting differ from corporate accounting, and what is the difference between the dissolution of a partnership and the liquidation of partnership property. Suppose that you and your friend are planning to open a business. Do you form a partnership or a corporation and why? What are your thoughts? Explain this in more detail using sources to support your response.