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Which of the following is an advantage of having a general partnership as opposed to a sole proprietorship? a. A general partnership is a separate

Which of the following is an advantage of having a general partnership as opposed to a sole proprietorship?

a. A general partnership is a separate legal entity in most states.

b. Creation is very easy.

c. Business losses can be deducted from taxes.

d. It is easy to raise capital by issuing stock.

e. Partners are personally liable for all losses.

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