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Which of the following is not a characteristic of apartnership? The partnership itself pays no income taxes. It is easy to form a partnership. Any

Which of the following is not a characteristic of apartnership?
The partnership itself pays no income taxes.
It is easy to form a partnership.
Any partner can be held personally liable for all debts of thebusiness.
A partnership requires written Articles of Partnership.
Each partner has the power to obligate the partnership forliabilities.

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