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What is the purpose and possible components of a partnership agreement? 2. How does mutual agency affect a partnership? 3. How is net income of

What is the purpose and possible components of a partnership agreement?

2. How does mutual agency affect a partnership?

3. How is net income of a partnership taxed?

4. What is the difference between an LLC and an LLP?

5. How are partnership profits allocated?

6. What is the difference between partnership liquidation and partnership dissolution?

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