Question

what does partnership form of business imply

In partnership____individuals come together to do business. The two types of partnerships are general and ___.

Answer 1

Answer:

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

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.

Answer 2

Answer:

Two or more and Limited

Explanation:

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