A partnership: A) is a form of business ownership with a single ...

[nelaaney]

A partnership:
 A) is a form of business ownership with a single owner who usually actively manages the company.
  B) is a form of business ownership in which the business is considered a legal entity that is separate and distinct from its owners.
  C) is a form of business ownership that offers both limited liability to its owners and flexible tax treatment.
  D) is a voluntary agreement under which two or more people act as co-owners of a business for profit.

Question 2

Explain the differences among a domestic, a foreign, and an alien corporation.

[coreycathey]

Answer to Question 1

D

Answer to Question 2

A domestic corporation is an incorporated business in the state in which it is incorporated. In all other states where the organization does business, it is called a foreign corporation. An alien corporation is a corporation chartered by a foreign government and conducting business in the United States.

[nelaaney]

Correct answers!

[coreycathey]

Great! Please up vote