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Identify a recognized disadvantage of a partnership. Multiple choice question. Creation is difficult. Business losses cannot be deducted from taxes. In most cases, each partner
Identify a recognized disadvantage of a partnership. Multiple choice question. Creation is difficult. Business losses cannot be deducted from taxes. In most cases, each partner has personal liability for the business losses of another partner. The income of the business is considered partnership (business) income; accordingly, partnership income is subject to double taxation
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