Alan and Baker are disappointed in the profitability of their A and B Partnership.They want to join their partnership with the X and Y Partnership.Is it possible for a partnership to be a partner?
A)Yes
B)No
C)Yes,if the partners agree to personally guarantee the debts of the new partnership
D)No,because a partner must be an entity

Question

Quizplus · Accepted Answer

It is possible for a partnership to be a partner in another partnership as it is a legal entity. The partnership will be treated as a separate entity from the individual partners.

Alan and Baker Are Disappointed in the Profitability of Their