Tax Structure and Liability of Business Partnerships


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT an aspect of a general partnership?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Which of the following is NOT an aspect of a limited partnership?

2. In a partnership, the business isn't separately taxed but the partners are. This is commonly called:

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This quiz tests you on the various types of business partnerships. The questions will ask you to select the false characteristic of a business partnership from the provided choices. Other questions will ask you to analyze a particular business scenario.

Quiz & Worksheet Goals

The goal of this business-related quiz is to test you on the following subjects:

  • Tax structure of partnerships
  • General partnerships
  • Limited partnership
  • Liability

Skills Practiced

You will practice these skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson on tax structure and liability of partnerships
  • Making connections - use understanding of how liability of business partnerships works to assess a scenario and determine who is liable
  • Interpreting information - verify that you can read information regarding tax structure of business partnerships and interpret it correctly
  • Information recall - access the knowledge you've gained regarding general and limited business partnerships

Additional Learning

These assessments were designed to complement the lesson called Tax Structure and Liability of Business Partnerships. This business lesson covers the following information:

  • Defining partnerships
  • Understanding general partnerships
  • Exploring limited partnerships
  • Describing partnership taxes
  • Explaining personal liability and partnerships