partnership  Discuss the nature of partnership? How partnership differs from single proprietorship? How limited and general partners differ from each other?

Why is it regarded advantageous to have a written partnership agreement?

A.What is partnership accounts and what are the necessary components ofpartnership accounts that a company should consider when preparingpartnership accounts and why?B. How can you differentiate the company’s accounts from partnership accounts and on what grounds?

1. What are the legal similarities and differences of a Limited Partnership and a General Partnership? Use an example to compare rights and liability of a limited partner with that of a general partner.

Which of the following is NOT a principal characteristic of the partnership form of business organization? Association of individuals Limited liability Limited life Mutual agency

What are some of the legal risks associated with organizing a business as a partnership? In your opinion, would you want to enter into a partnership? Under what circumstances? Explain.

The characteristic of a partnership where a partner is an agent for other partners and the partnership when transacting partnership business is: a. a fiduciary relationship b. tenancy in partnership c. mutual agency d. the proprietary theory

Which of the following is NOT a characteristic of a partnership?   a. Partners have mutual agency b. Partners are able to contract on behalf of the partnerships. c.Partnership income is tax free   d.Partnerships are easy to form

What is a Partnership ? Explain different types of partnership?