Which of the following is a disadvantage of partnership firms? A) These are taxed at multiple levels:

Which of the following is a disadvantage of partnership firms?

A) These are taxed at multiple levels:

corporate level and individual level.

B) These have more difficulty in raising capital as compared to a sole proprietorship.

C) These have a mutual agency which creates personal obligations for each partner.

D) These cannot be dissolved without permission of SEC.