Multiple Choice
Which of the following statements about a general partnership is true?
A) A general partnership is an entity separate from its owners.
B) A general partnership is the most popular form of business ownership.
C) The partnership agreement must be in writing to be legal.
D) General partnerships are usually "double-taxed."
E) Partners in a general partnership co-own the company's assets.
Correct Answer:
Verified
Correct Answer:
Verified
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