Sharing of profits is prima facie evidence that a partnership exists.
Correct Answer:
Verified
Q6: The sole proprietor's personal assets are subject
Q7: Limited partners have liability limited to the
Q8: Dissolution of a partnership is termination of
Q9: Limited partners can take a management role
Q10: A partnership must file a separate tax
Q12: There are no formal requirements for forming
Q13: A tenancy in partnership does not carry
Q14: A partnership by estoppel arises when actions
Q15: A partner's interest in a partnership is
Q16: The income of the sole proprietor's business
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