A partner: is not personally liable for business debts. does not pay tax on their share of

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A partner:

is not personally liable for business debts.

does not pay tax on their share of partnership income.

directly owns the business assets with the other partners.

cannot be sued by partnership creditors.

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Dec 07, 2023 06:08 AM

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A partner: is not personally liable for business debts. does not pay tax on their share of

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Smith and Roberson Business Law

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