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Next to the following list of eight characteristics

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Reference no: EM13900818

Next to the following list of eight characteristics of business organizations, enter a brief description of how each characteristic applies to general partnerships.
Characteristic Application to General Partnerships 
1. Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
2. Owners  liability . . . . . . . . . . . . . . . . . . . . . . . . . . 
3. Legal status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
4. Tax status of income . . . . . . . . . . . . . . . . . . . . . . . 
5. Owners  authority . . . . . . . . . . . . . . . . . . . . . . . . . 6. Ease of formation . . . . . . . . . . . . . . . . . . . . . . . . . 
7. Transferability of ownership . . . . . . . . . . . . . . . . . 
8. Ability to raise large amounts of capital . . . . . . . .

Reference no: EM13900818

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