Which of the following statements regarding partnerships is true?
A) A general partnership is a protected legal entity, separate from the partners' affairs.
B) A holding corporation cannot act as a partner.
C) Partners must contribute equal portions of capital to the partnership.
D) It is possible that a minority partner will have significant influence over the partnership.

Question

Quizplus · Accepted Answer

A minority partner can have significant influence over the partnership if they have special skills, knowledge, or a unique role that is crucial to the partnership's operations.

Which of the Following Statements Regarding Partnerships Is True