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1. A general partner: a. has less legal liability than a limited partner. b. can end the partnership by withdrawing. c. faces double taxation whereas
1. A general partner:
a. has less legal liability than a limited partner.
b. can end the partnership by withdrawing.
c. faces double taxation whereas a limited partner does not.
d. cannot lose more than the amount of his/her equity investment.
e. is the term applied only to corporations which invest in partnerships.
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