Advantages to doing business as a partnership include
A) partners do not need to pay income tax on their income from the partnership.
B) the partnership has "flow through" taxation.
C) the partnership is taxed as a separate entity and must pay all taxes.
D) the partnership has double taxation.
Correct Answer:
Verified
Q8: Partners act as agents
A) for third parties
Q9: Property is considered to be partnership proper-
Q10: The _theory suggests that a partnership is
Q11: A _is a type of business organization
Q12: The income of partnerships in the United
Q14: The income or loss of the partnership
Q15: Partners owe a duty of loyalty and
Q16: Under the Uniform Partnership Act (1997), the
Q17: The aggregate theory applies in many sections
Q18: Unanimous consent of partners is not required
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents