Legally, a partnership must a. make all owners general partners. b. have at least one limited partner. c. designate a limited partner to be responsible for all debts of the partnership. d. have at least one general partner. e. not have any general partners.

Question

Robert

Social Studies

8 March, 14:22

Legally, a partnership must a. make all owners general partners. b. have at least one limited partner. c. designate a limited partner to be responsible for all debts of the partnership. d. have at least one general partner. e. not have any general partners.

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Answers (1)

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Ashlyn Fitzpatrick · Answer 1

a. make all owners general partners

Explanation:

In a partnership business all partners own equal share amongst each other. They are all treated the same unless partners make changes in terms of shares. Where power falls to one partner over the other per terms and conditions which were signed.