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28 June, 05:29

Because of the unlimited liability of all partners, a general partnership most

closely resembles which other business type?

A. Public corporation

*B. Sole proprietorship

C. Board of directors

D. Limited partnership

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Answers (1)
  1. 28 June, 09:26
    0
    The correct answer is B, sole proprietorship.

    A general partnerships is very similar to a proprietorship. One of the biggest detractors from both a partnership and a proprietorship is that the owners are personally responsible for the debts of the company.
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