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

Question

Quizplus · Accepted Answer

A minority partner can have significant influence over a partnership if they have special skills, knowledge, or contractual agreements that give them such influence.

Which of the Following Statements Regarding Partnerships Is True