Question: A partnership with four general partners: limits the active involvement in the firm to a single partner, limits each partner's personal liability to 2 5

A partnership with four general partners: limits the active involvement in the firm to a single partner, limits each partner's personal liability to 25 percent of the partnership's total debt, distributes profits based on percentage of ownership, must distribute 25 percent of the profits to each partner, has an unlimited life.

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