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Yvonne and Larry plan to begin a business that will grow plants for sale to...

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Accounting

Yvonne and Larry plan to begin a business that will grow plants for sale to retail nurseries. They expect to have substantial losses for the first three years of operations while and their sales operations. Both Yvonne and Larry have substantial interest income, and both expect to work full-time in this new business. List three advantages for operat partnership instead of a C corporation. O A. Advantages include (1) partnerships are not subject to tax, thereby eliminating the problem of double taxation that exists for C corporations, (2) partners may divide t loss among themselves without regard to their proportionate capital interests, (3) partners prefer partnerships because contributions to partnerships and selling partn subject to easy accounting rules. B. Advantages include (1) partnerships are popular because of the relative simplicity and informality inherent in creating and operating such entities, (2) partnerships ar However, C corporations are taxed multiple times, (3) under the conduit principle of

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