Question: Multi-Step Partnership Question - Answer True or False a. A partnership is an association of two or more persons to carry on a not for

Multi-Step Partnership Question - Answer True or False

a. A partnership is an association of two or more persons to carry on a not for profit business.

b. A general partnership is dissolved by the death of a general partner.

c. A limited partnership consists of only limited partners.

d. A partnership agreement must always be in writing.

e. The name of the limited partnership must contain the names of the general and limited partners.

f. Withdrawal of a partner causes dissolution of the general partnership.

g. The certificate of limited partnership must designate the New York Secretary of State as agent of the limited partnership for service of process.

h. A minor may become a general partner.

i. A general partnership must pay Federal income tax

j. Title to all partnership property must be in the name of the partnership.

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