What are advantages of proprietorship and partnership (mark all that applies)difficulty in raising capital fundssimplerdifficulty in transferring ownershipless regulationоосоооlimited lifeunlimited liabilitythe owners are also the managers (thus, there is no the agency problem)sometimes personal tax rates are better than corporate tax rates

Proprietorship is the owner of the business which is single handedly own by a single person.…

Answered: What are advantages of proprietorship…

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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