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What does a partnership form of business imply?

In a partnership, individuals come together to do business. The two types of partnerships are general and _______.



Answer :

Final answer:

A partnership form of business involves individuals coming together to conduct business, with general and limited partnerships being the two types.


Explanation:

A partnership form of business implies that individuals come together to do business. The two types of partnerships are general and limited. In a general partnership, all partners share the responsibility for all aspects of the business. In a limited partnership, some partners do not participate in the business operation but are financial partners.


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