Question

One advantage of operating as a partnership would include ____________.

• A. Being able to raise capital through share issues
• B. Limited liability for all partners
• C. Access to knowledge, skills, experience and contacts at larger level
• D. Greater power than a sole trader for decision-making

Answer 1

The correct option is C Access to knowledge, skills, experience and contacts at larger level

One of the main advantages of a partnership business is the lack of as a sole trader, by working in a business partnership you can benefit from . Access to knowledge, skills, experience and contacts .More partners, more capital tax returns rather than initially being retained within the partnership.