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One of the negative characteristics of a partnership is: Select one A . The 6 0 % federal tax liability on profits of the partnership.
One of the negative characteristics of a partnership is:
Select one
A The federal tax liability on profits of the partnership.
B Only common stock in the partnership can be traded in the secondary market,
C Each partner is personally liable for the debts of the enterprise whether or not the partner caused them.
D Partners do not owe a fiduciary duty to each other.
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