Solved: Percent ownership of the, please assist with information on partnerships liability risk, Accounting Basics

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Percent ownership of the

Please assist with information on partnerships:

Liability risk is a big factor to consider and this can add up to a lot. Do you think that it is fair that a partner can be liable for more than their percent ownership of the partnership?

Moreover, in a partnership some partners have to self employment taxes on their earnings. What causes them to have to pay self employment taxes?

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