Bhat and Cho do business as Day Glow Paints,a partnership.In most states,for the purposes of collecting judgments and having accounting performed,this firm would be treated as

Question

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Partnerships are generally treated as independent entities for the purposes of collecting judgments and having accounting performed. This means that the partnership is considered a separate legal entity from its individual partners, with its own tax identification number, bank accounts, and other legal and financial responsibilities.

Bhat and Cho Do Business as Day Glow Paints,a Partnership