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Which of the following statements is CORRECT? a . Partnerships have difficulty attracting capital in part because of their unlimited liability, the lack of impermanence
Which of the following statements is CORRECT? a Partnerships have difficulty attracting capital in part because of their unlimited liability, the lack of impermanence of the organization, and difficulty in transferring ownership. b In a regular partnership, liability for the firm's debts is limited to the amount a particular partner has invested in the business. c A major disadvantage of a partnership relative to a corporation as a form of business organization is the high cost and practical difficulty of its formation. d A fastgrowth company would be more likely to set up as a partnership for its business organization than would a slowgrowth company. e Corporations are at a disadvantage relative to partnerships because they have to file more reports to state and federal agencies, including the Securities and Exchange Administration, even if they are not publicly owned.
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