Which of the following is an advantage of a partnership over a sole proprietorship? A. A partnership has a legal life independent of its founders and owners. B. Growth is possible through the addition of new talent and money. C. Partnerships are easier to dissolve. D. Transferring ownership is easier in a partnership. E. Each partner is responsible only for a portion of the partnership's debts.

The correct answer is E. Each partner is responsible only for a portion of the partnership's debts.<br /><br />In a partnership, each partner is responsible for a portion of the partnership's debts, which is known as limited liability. This is an advantage over a sole proprietorship, where the owner is personally liable for all of the business's debts. Limited liability protects the personal assets of each partner in case the partnership incurs debt or faces legal issues.