A limited partnership always has at least one general partner,who assumes unlimited liability.
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Q25: Articles of partnership are required by many
Q26: All states require partnerships to have articles
Q27: In a general partnership,each partner is liable
Q28: What are the advantages of sole proprietorships
Q29: It is easier to raise funds in
Q31: In a partnership,all partners are equally liable.
Q32: When are limited partnerships generally used?
A) When
Q33: What are sole proprietorships? Provide an example.
Q34: Why is taxation considered both an advantage
Q35: Which form of business organization is the
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