A partner is jointly, but not severally, liable for all partnership obligations.
2007-09-22 09:27:10 · 6 answers · asked by shawnta e 1 in Business & Finance ➔ Corporations
TRUE. That's why its a partnership. Sole Propietorships are where the individual is liable
2007-09-22 09:37:21 · answer #1 · answered by jmaat1 2 · 0⤊ 2⤋
Shawnta, have you considered doing your own homework? How do you expect to pass the final - take in a laptop with wireless access and post the exam questions here?
2007-09-22 17:47:36 · answer #2 · answered by Judy 7 · 1⤊ 1⤋
It depends on what type of partner it is. General or Limited. Go to www.irs.gov
Good luck,
2007-09-22 20:00:51 · answer #3 · answered by glaciergizzlybear 2 · 0⤊ 0⤋
I wish you would do your homework by yourself.
2007-09-22 16:35:38 · answer #4 · answered by Angie 6 · 3⤊ 2⤋
true
2007-09-22 16:35:51 · answer #5 · answered by MICHAEL L 2 · 0⤊ 1⤋
Please have some integrity and do your own homework.
2007-09-22 16:43:00 · answer #6 · answered by Anonymous · 1⤊ 1⤋