Define a partnership and briefly explain five characteristics.
Question:
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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A partnership is an unincorporated form of business organization in which the entity is owned by t...View the full answer
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Related Book For 
Accounting Introduction To Financial Accounting
ISBN: 9781517089719
1st Edition
Authors: Henry Dauderis, David Annand
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