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All of the following phrases describe a partnership except a. the involvement of up to 20 partners. b. high protection for your personal assets. c. low start-up costs. d. shared…

All of the following phrases describe a partnership except a. the involvement of up to 20 partners. b. high protection for your personal assets. c. low start-up costs. d. shared…
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4 votes
All of the following phrases describe a partnership except

a. the involvement of up to 20 partners.
b. high protection for your personal assets.
c. low start-up costs.
d. shared responsibility for decisions.

asked
User RoyalBigMack
by
8.0k points

1 Answer

3 votes
The answer is b. High protection of your personal assets

Since you have to share all profit and loss In a partnership, you have to sell your personal assets in case your business goes under. It doesn't provide protection for your personal assets
answered
User Charles R
by
7.9k points
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