Ageneral partner: multiple choice
1. is personally responsible for all partnership deb...
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Business, 28.01.2020 01:31 munozgiselle
Ageneral partner: multiple choice
1. is personally responsible for all partnership debts.
2. has no say over a firm's daily operations.
3. faces double taxation whereas a limited partner does not.
4. has a maximum loss equal to his or her equity investment.
5. receives a salary in lieu of a portion of the profits.
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Answers: 3
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