Which of the following is not an advantage of partnership?
-
A.
Diversified managerial talents -
B.
Greater financial resources -
C.
Freedom to terminate business -
D.
Account is not made public
Correct Answer: Option C
Explanation
Advantages of a partnership include that:
- two heads (or more) are better than one.
- your business is easy to establish and start-up costs are low.
- more capital is available for the business.
- you’ll have greater borrowing capacity.
- high-calibre employees can be made partners.