Whats some of more significant non-tax and tax consequence

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When we choose a partnership as a tax entity, it has non-tax consequences that are different from those that arise from choosing the corporate form. Many things can cause a partnership to go sour-and many of them do not have a thing to do with taxes.

Question 1: What are some of the more significant non-tax and tax consequences of choosing the partnership form?

Question 2: Which do you think is the most important? Why?

Reference no: EM132493019

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