Which can be considered disadvantages of sole proprietorships and partnerships? partnerships require many people to write a charter, while sole proprietorships require one person to write a charter. sole proprietorships require one person to know complicated tax laws, while partnerships require many people to know the rules. partnerships require one person to do many things, while sole proprietorships require many people to weigh in on decisions. sole proprietorships require one person to do many things, while partnerships require many people to weigh in on decisions.

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.