Which statement is not true about a simple 1065 partnership business? General partnerships...
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Accounting
Which statement is not true about a simple partnership business? General partnerships ensure that all partners share equally in responsibility and liability Partnerships file a yearly return They automatically have liability protection Income from a partnership flows directly to the tax payers
Which statement is not true about a simple partnership business?
General partnerships ensure that all partners share equally in responsibility and liability
Partnerships file a yearly return
They automatically have liability protection
Income from a partnership flows directly to the tax payers
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