Under the partnership form of business, large amounts of capital can be raised easily.
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Q7: There is no income tax imposed on
Q11: Ownership is easily transferred in a partnership.
Q13: In a limited partnership, the general partner's
Q14: A partnership is a legal entity separate
Q16: A partnership has a limited life, because
Q17: A partnership agreement must be in writing.
Q18: Each partner is personally liable for all
Q20: An informational tax return must be filed
Q75: A limited partnership normally has one or
Q79: The potential loss of all partners in
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