Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the primary benetit that a limited partnership has over a general partnership? A limited partnership has a lower tax rate than a general

image text in transcribed
What is the primary benetit that a limited partnership has over a general partnership?
A limited partnership has a lower tax rate than a general partnership.
A limited partnership is easier to form than a general partnership.
A limited partnership can raise capital funds without dividing the management rights.
A limited partnership has limited liability, but the general partnership has unlimited liability.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: John J. Wild, Ken W. Shaw

4th edition

78129052, 978-0078129056

More Books

Students also viewed these Accounting questions