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Partnership Form of Organization a. List five characteristics of a partnership. b. List
Chapter 27, Problem 1(choose chapter or problem)
QUESTION:
Partnership Form of Organization
a. List five characteristics of a partnership.
b. List three advantages and three disadvantages of the partnership form of business.
Questions & Answers
QUESTION:
Partnership Form of Organization
a. List five characteristics of a partnership.
b. List three advantages and three disadvantages of the partnership form of business.
ANSWER:Step 1 of 3
A partnership is the voluntary association of two or more persons joined together to share profits and losses at an agreed ratio. Forming a partnership only requires a partnership agreement.