How Long Does It Take Before a Certificate of Dissociation

question 33

Multiple Choice

How long does it take before a certificate of dissociation is effective to prevent liability as a partnership is winding down?

• A)90 days
• B)180 days
• C)365 days
• D)30 days

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Definitions:

Equality Of Income

A state in which income is distributed equally among individuals or groups in society.

Incentive To Produce

Factors or motivations that encourage firms or individuals to engage in production, often driven by the potential for profit or market demand.

Before-Tax Total Income

The total income earned by an individual or a business before any taxes are deducted.

Poorest 20 Percent

The segment of a population that ranks at the bottom fifth in terms of income.