All of the following phrases describe a partnership except

a. the involvement of up to 20 partners.

b. high protection for your personal assets.

c. low start-up costs.

d. shared responsibility for decisions.

Question

Humberto Bell

Business

9 November, 14:29

All of the following phrases describe a partnership except

a. the involvement of up to 20 partners.

b. high protection for your personal assets.

c. low start-up costs.

d. shared responsibility for decisions.

+2

Answers (1)

Know the Answer?

Landin Cruz · Answer 1

The answer is b. High protection of your personal assets

Since you have to share all profit and loss In a partnership, you have to sell your personal assets in case your business goes under. It doesn't provide protection for your personal assets

All of the following phrases describe a partnership excepta. the involvement of up to 20 partners.b. high protection for your personal assets.c. low start-up costs.d. shared responsibility for decisions.

All of the following phrases describe a partnership except

a. the involvement of up to 20 partners.

b. high protection for your personal assets.

c. low start-up costs.

d. shared responsibility for decisions.