Unanimous consent of the partners is required to make basic changes in the nature of the business or the partnership agreement.
Correct Answer:
Verified
Q4: Generally, the law recognizes a partnership as
Q7: A general partnership is a pass-through entity
Q8: The sharing of profits from ownership of
Q10: There are two basic types of partnerships-
Q14: It is often more difficult and costly
Q15: The proprietor of a sole proprietorship does
Q15: In a sole proprietorship, the owner is
Q16: The proprietor pays only personal income taxes
Q17: Each partner has the right to complete
Q18: In many instances, agency law governs the
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