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  • 19-02-2020
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How is responsibility shared in a partnership?

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tbhMartin
tbhMartin tbhMartin
  • 19-02-2020

Answer:

All partners have an equal share in the profits of the partnership and are equally responsible for its losses. All partners have an equal interest in the partnership, or share of its profits and assets. All partners have an equal right in the management and conduct of the business.

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