• 1 Marks

BF – Nov 2015 – L1 – SA – Q17 – The Business Environment

Identifying what is not an advantage of a partnership business.

Which of the following is NOT an advantage of a partnership business?
A. More financial resources
B. Registration with Corporate Affairs Commission
C. Payment of Corporate Income Tax
D. Sharing of risk and losses
E. Continuity

C

Explanation:
The correct answer is “C. Payment of Corporate Income Tax.”
Explanation: Partnerships generally do not pay corporate income tax as a separate entity; instead, profits are taxed as personal income for the partners.

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