In a limited partnership, the general partner's liability is limited to his or her investment.
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Q7: There is no income tax imposed on
Q8: Bankruptcy of a partner will dissolve the
Q9: An advantage of the partnership form of
Q11: Ownership is easily transferred in a partnership.
Q14: A partnership is a legal entity separate
Q15: Under the partnership form of business, large
Q16: A partnership has a limited life, because
Q17: A partnership agreement must be in writing.
Q18: Each partner is personally liable for all
Q79: The potential loss of all partners in
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