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fredd [130]
3 years ago
5

What does partnership form of business imply

Business
2 answers:
stiks02 [169]3 years ago
7 0
The answer should be two or more and central
seropon [69]3 years ago
5 0

Answer:

In a partnership, <u>TWO OR  MORE</u> individuals come together to do business. The two types of partnerships are general and <u>LIMITED</u>.

Explanation:

The main characteristics of general partnerships are:

  1. group ownership
  2. unlimited personal liability
  3. easily formed and managed by owners  
  4. pass-through federal income taxation

The main difference between a general partnership and a limited partnership is that limited partnerships limit investors' liability to the amount of money invested. Limited partnerships are a separate legal entity from their owners.

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