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Partnerships refer to more than one owner. A limited partnership ______________. a) consists of general partners and limited partners, at least one of each b) is a shadow firm for a much larger

Partnerships refer to more than one owner. A limited partnership ______________.
a) consists of general partners and limited partners, at least one of each
b) is a shadow firm for a much larger corporation. It is like a shell company to dispose of risky assets
c) is taxed similar to a corporation, whereas a general partnership is taxed like a sole proprietorship
d) is limited by the number of partners allowed. There can only be a total of 10 partners actively involved in the business

May 12 2021 View more View Less

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