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Which of the following statements is NOT an Advantage to a partnership? a . It is a taxable entity, but the tax rates are slightly

Which of the following statements is NOT an Advantage to a partnership?
a. It is a taxable entity, but the tax rates are slightly lower than corporations.
b. Partnerships are generally subject to fewer regulations than corporations.
c. Costs of formation are minimal.
d. It may operate in more than one state without being required to comply with many
legal formalities.

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