Question

A partnership:

A. Is also called a sole proprietorship

B. has unlimited liability

C. Has to have a written agreement in order to the legal

D. Is a legal organization separate from its owners

E. Is a non-business organization

Answer 1

B. has unlimited liability

Step-by-step explanation:

A partnership is an unlimited liability firm or business formed by 2 to 50 persons.

Unlike the sole proprietorship where only one person brings the capital to start the business, the partnership has the advantage of being able to access more capital from 2 to about 50 people.

However, like the sole proprietorship, the liability of the partners are unlimited.