All of the following phrases describe a partnership except

a. shared responsibility for decisions.

b. low start-up costs.

c. the involvement of up to 20 partners.

d. high protection for your personal assets.

Question

Israel Huff

English

14 January, 13:38

All of the following phrases describe a partnership except

a. shared responsibility for decisions.

b. low start-up costs.

c. the involvement of up to 20 partners.

d. high protection for your personal assets.

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Answers (1)

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Janelle Clements · Answer 1

a. shared responsibility for decisions.

A partnership is a legal form of business operation between two or more individuals who share management and profits. There are two types of partnership: general partnership and limited partnership.

In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.

In a limited partnership, it has both general and limited partners.

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

All of the following phrases describe a partnership except

a. shared responsibility for decisions.

b. low start-up costs.

c. the involvement of up to 20 partners.

d. high protection for your personal assets.