6. Each partnership must have a written partnership agreement. a. True b. False

7. Unsatisfied personal creditors of a partner can attach to the net assets of the partnership without regard to the partners capital balance. a. True b. False

8. Each partner may withdraw the assets he or she contributed to the partnership at any time. a. True b. False

9. When compared to a corporation, one of the major disadvantages of the partnership is its ease of formation. a. True b. False

10. Under a Subchapter S Corporation, the IRS allows income to pass through the corporation to the individual stockholders without the corporation having to pay taxes on income a. True b. False