Which of the following is a characteristic of a general partnership? a. The partnership has an unlimited life. b. The partners have co-ownership of partnership property. c. The partners have limited liability.

Which of the following is a characteristic of a general partnership?

a. The partnership has an unlimited life.
b. The partners have co-ownership of partnership property.
c. The partners have limited liability.
d. The partnership is subject to federal income tax.

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Which of the following is a characteristic of a general partnership? a. The partnership has an unlimited life. b. The partners have co-ownership of partnership property. c. The …

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