A partnership is a form of business organization when two or more people own a business operated for profit.
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Q7: Managerial lines of authority, legal responsibility and
Q8: The bylaws are the rules established to
Q9: Partnership income is taxed at the partnership
Q10: Limited partners must take an active role
Q11: The mission statement should guide every decision
Q13: Proprietorships are the most widely used form
Q14: A weakness for a proprietorship is that
Q15: Past professional experience in their fields is
Q16: All limited liability company shareholders must take
Q17: Many of the CEOs of Inc. 500
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