QUESTION HELP PLEASE

Which of the following statements is CORRECT? A slow-growth company, with little need for new capital, would be more likely to organize as a corporation than would a faster growing company. In a typical partnership, liability for other partners' misdeeds is limited to the amount of a particular partner's investment In the business. A major disadvantage of a partnership relative to a corporation is the fact that federal Income taxes must be paid by the partners rather than by the firm Itself. Partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the Illiquidity (difficulty buying and selling) of partnership interests. In a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are Individually responsible, on a pro rata basis, for the firm's debts In the event of bankruptcy. Save ft Continue Our Wines Wine Clubs Customer