partnership
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- Can a partners personal assets in a limited liability partnership be at risk?When a partnership liquidates, do partners get paid first or do creditors get paid first?Which of the following is a disadvantage of the partnership form of organization? A. limited life B. no taxation at the partnership level C. flexibility in business operations D. combining of financial resources
- Why do partnerships dissolve?Which one of the following would not be considered in the development of a partnership agreement? A. profit and loss levels B. processing disputes C. stock options D. asset contributionsWhat type of assets may a partner not contribute to a partnership? A. accounts receivable B. furniture C. equipment D. personal credit cards