A partnership
A) is also called a sole proprietorship
B) has unlimited liability.
C) has to have a written agreement in order to be legal
D) is a legal organization separate from its owners
E) is a non-business organization

Question

Quizplus · Accepted Answer

Partnerships have unlimited liability, meaning each partner is personally liable for the financial obligations of the business. This contrasts with corporations, where liability is limited to the amount invested in the company.

A Partnership