Question
Which of the following is true of a General Partnership(1 point)
Responses
Each partner has Mutual Agency.
The partnership is double taxed by the government as both an individual and a corporation.
Only the person establishing the partnership is liable for the debts of the company
Each partner is only taxed for their share of the profits.
Responses
Each partner has Mutual Agency.
The partnership is double taxed by the government as both an individual and a corporation.
Only the person establishing the partnership is liable for the debts of the company
Each partner is only taxed for their share of the profits.
Answers
GPT 3.5
Each partner has Mutual Agency.
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