Which of the Following Statements Is TRUE Regarding General Partnerships

question 11

Multiple Choice

Which of the following statements is TRUE regarding general partnerships?

• A)They usually are suggested for groups of individuals that are seeking to form a business entity to invest in real estate because of the unlimited liability of each partner.
• B)They usually are not suggested for groups of individuals that are seeking to form a business entity to invest in real estate because of the unlimited liability of each partner.
• C)They protect each of the partners from potential losses associated with the partnership's business activities
• D)They have assessed income taxes at a lower rate than corporations

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