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Humanities Legal Studies Topic started by: pasker on Feb 16, 2017



Title: Which of the following holds true for a general partnership if the partners have not entered into a ...
Post by: pasker on Feb 16, 2017
Which of the following holds true for a general partnership if the partners have not entered into a written agreement?
A) Partners are required to contribute equal capital to the partnership and bear equal responsibilities.
B) Individual partners are exempted from federal income taxes because those taxes are paid by the partnership.
C) Partners are required to file a partnership return with the Internal Revenue Service that shows the partnership's profit or loss.
D) The partnership is double-taxed because both the partnership and the individual partners pay taxes.


Title: Re: Which of the following holds true for a general partnership if the partners have not entered ...
Post by: greenish on Feb 16, 2017
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Title: Re: Which of the following holds true for a general partnership if the partners have not entered into a ...
Post by: pasker on Apr 9, 2017
Thanks for the help