Question: FTL - 4 1 . Which statement is not true about a simple 1 0 6 5 partnership business? General partnerships ensure that all partners

FTL-41. Which statement is not true about a simple 1065 partnership business?
General partnerships ensure that all partners share equally in responsibility and liability
Income from a partnership flows directly to the tax payers
They automatically have liability protection
Partnerships file a yearly return

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