Ask Question
20 July, 22:11

A partnership:

A. Is also called a sole proprietorship

B. has unlimited liability

C. Has to have a written agreement in order to the legal

D. Is a legal organization separate from its owners

E. Is a non-business organization

+4
Answers (1)
  1. 21 July, 01:49
    0
    B. has unlimited liability

    Explanation:

    A partnership is an unlimited liability firm or business formed by 2 to 50 persons.

    Unlike the sole proprietorship where only one person brings the capital to start the business, the partnership has the advantage of being able to access more capital from 2 to about 50 people.

    However, like the sole proprietorship, the liability of the partners are unlimited.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A partnership: A. Is also called a sole proprietorship B. has unlimited liability C. Has to have a written agreement in order to the legal ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers