Multiple Choice
Which of the following statements best describes a general partnership?
A) General partnerships are usually double-taxed.
B) A general partnership is an entity separate from its owners.
C) Partners in a general partnership co-own the company's assets.
D) A general partnership is the most popular form of business ownership.
Correct Answer:
Verified
Correct Answer:
Verified
Q119: What is the first step in incorporating
Q120: Articles of incorporation usually specify the life
Q121: Sam Beauvois has invested $10,000 in his
Q122: Dissolving a partnership is easier than dissolving
Q123: The two types of cooperatives are wholesale
Q125: What do partnership agreements generally specify?<br>A) the
Q126: Thom Georges wants to open a store
Q127: Aaron Medford has invested $600 in the
Q128: Tara Bartek owns and operates the Singing
Q129: Which of the following are corporate takeovers