Which of the Following Statements Is True About Partnerships

question 50

Multiple Choice

Which of the following statements is true about partnerships?

• A)The formation of a partnership must be documented in writing.
• B)An LLC is generally treated as a partnership for tax law purposes.
• C)General partners have no liability for partnership obligations beyond their capital contributions.
• D)When Sue and Billy Bob invest in land together, they are considered to have formed a partnership.

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LinkedIn Profile

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A high-quality photograph of an individual, typically used for business profiles, resumes, or formal engagements, that conveys a sense of professionalism.

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Professional Brand

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