Which of the following is not a characteristic of apartnership? The partnership itself pays no income taxes.
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Question:
Which of the following is not a characteristic of apartnership?
The partnership itself pays no income taxes.
It is easy to form a partnership.
Any partner can be held personally liable for all debts of thebusiness.
A partnership requires written Articles of Partnership.
Each partner has the power to obligate the partnership forliabilities.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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