What are disadvantages of proprietorship and partnership (mark all that applies) difficulty in raising capital funds sometimes personal tax rates are better than corporate tax rates less regulation the owners are also the managers simpler difficulty in transferring ownership limited life unlimited liability

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section15.5D: Liabilities And Owners’ Equity
Problem 3CC
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What are disadvantages of proprietorship and partnership (mark all that applies)
difficulty in raising capital funds
ооооооо
sometimes personal tax rates are better than corporate tax rates
less regulation
the owners are also the managers
simpler
difficulty in transferring ownership
limited life
✔ unlimited liability
Transcribed Image Text:What are disadvantages of proprietorship and partnership (mark all that applies) difficulty in raising capital funds ооооооо sometimes personal tax rates are better than corporate tax rates less regulation the owners are also the managers simpler difficulty in transferring ownership limited life ✔ unlimited liability
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