Multiple Choice
Jenny and Rose are hairstylists that have decided to open their own salon by starting a general partnership. The first step to ensuring a successful partnership would be to ________.
A) insure they each have 25 clients to bring into the partnership
B) submit the partnership formation fee to the state
C) draw up a partnership agreement
D) submit the limited liability forms before they see clients
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Tom has agreed to become a partner
Q28: Partnerships are taxed at the lowest corporate
Q30: The biggest difference between general and limited
Q73: When establishing a sole proprietorship,it may be
Q94: In a partnership, all profits and losses
Q95: After a successful five years, Double Z,
Q97: Dan is excited to start marketing and
Q101: Kris and Amy own a workout facility
Q103: Which of the following statements BEST describes
Q104: Policies regarding all of the following points