Question: Learning Objectives: Understand the consequences of being a partner: Explain how to avoid inadvertently becoming a partner of someone else: Describe the risks of being

Learning Objectives:

Understand the consequences of being a partner:

Explain how to avoid inadvertently becoming a partner of someone else:

Describe the risks of being a purported partner and how to avoid them:

Distinguish a partner's property from partnership property:

Essential Terminology:

Sole proprietorship:

Partnership:

Limited liability partnership:

Joint venture: Purported partners:

Partnership property:

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