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20 June, 10:19

All of the following phrases describe a partnership except

a. shared responsibility for decisions.

b. low start-up costs.

c. the involvement of up to 20 partners.

d. high protection for your personal assets.

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Answers (1)
  1. 20 June, 12:33
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    a. shared responsibility for decisions.

    A partnership is a legal form of business operation between two or more individuals who share management and profits. There are two types of partnership: general partnership and limited partnership.

    In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.

    In a limited partnership, it has both general and limited partners.
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