select all the correct answers. which two sentences describe characteristics of a partnership? the owners…

select all the correct answers. which two sentences describe characteristics of a partnership? the owners are free from personal liability. the owners pool their resources to raise capital. the owners in a partnership are called members. the business benefits because owners can share responsibilities. reset next

select all the correct answers. which two sentences describe characteristics of a partnership? the owners are free from personal liability. the owners pool their resources to raise capital. the owners in a partnership are called members. the business benefits because owners can share responsibilities. reset next

Answer

Brief Explanations:

In a partnership, owners pool resources for capital - raising as they combine their financial and other assets. Also, sharing responsibilities among owners is a key characteristic, allowing for division of labor and expertise utilization. Owners are not free from personal liability in general partnerships, and partners are not called members (members are more common in LLCs).

Answer:

  • The owners pool their resources to raise capital.
  • The business benefits because owners can share responsibilities.