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Different forms of businesses have different characteristics. Which of the following characteristics belong to a partnership? Check all that apply. Profits and liability distributed according

Different forms of businesses have different characteristics. Which of the following characteristics belong to a partnership? Check all that apply.

Profits and liability distributed according to a formal or informal agreement

Taxed at individual

(

personal

)

level

Easy transfer of ownership

Chartered by a state and is its own entity, separate from its owners

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