Xavier starts an investment management firm along with his friend Abdul.They decide to equally share the profits and have unlimited liability for the debts of their business.This firm is an example of a(n) _____.
A) general partnership
B) S corporation
C) sole proprietorship
D) limited partnership
E) C corporation
Correct Answer:
Verified
Q38: Which of the following is a disadvantage
Q39: Articles of partnership are legal documents that
Q40: When are limited partnerships generally used?
A)When a
Q41: Which of the following is an accurate
Q42: Which of the following statements is true
Q44: Which of the following is a difference
Q45: Maria wants to start a new business
Q46: In a limited partnership:
A)the partners can operate
Q47: Partnerships are quasi-taxable organizations.This means that they:
A)do
Q48: A corporation doing business outside the state
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