00:01
All right here, we are asked which of the following is a characteristic of a partnership? so a characteristic of a partnership.
00:13
Well, the partnership, well, let me finish writing before i keep thinking, is when you have a business that has two individuals who operate that business.
00:21
So the business itself is not taxed, right? that goes on to the partner.
00:30
So a is not true.
00:31
The business is liable for its own debts.
00:35
In a partnership, the partners are personally liable.
00:38
So the business itself is not liable.
00:41
The partners on the business can be sued.
00:43
But generally, the business is, so in a similar way to number b, since the business is not liable for his own debts, the partners are...