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Which of the following is a disadvantage of partnership firms? These are taxed at multiple levels: corporate level and individual level. These have more difficulty

Which of the following is a disadvantage of partnership firms?

These are taxed at multiple levels: corporate level and individual level.

These have more difficulty in raising capital as compared to a sole proprietorship.

These have a mutual agency which creates personal obligations for each partner.

These cannot be dissolved without permission of SEC.

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