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Jenny and Rose Are Hairstylists That Have Decided to Open

Question 40

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) guarantee that 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
E) arrange for the special tax filing considerations a partnership requires

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