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A partnership: Multiple Choice is taxed in the same fashion that a corporation is taxed. terminates upon the death of any limited partner. creates for

A partnership:

Multiple Choice

is taxed in the same fashion that a corporation is taxed.

terminates upon the death of any limited partner.

creates for all general partners an unlimited liability for the partnership's debts.

has the same ability as a corporation to raise capital.

allows for easy transfer of ownership from one general partner to another.

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