Law Homework Solutions
#143828
Business Partnership vs Limited Partnership
Use the following list as a guide. Evaluate the risks involved in conducting business partnership (general partnership) versus a limited partnership.
1. type of ownership
2. exposure of ownership to liability
3. taxation
4. continuity of existence
5. formality in operations
6. managerial control
This solution evaluates the risks involved in conducting business partnership (general partnership) versus a limited partnership on the following: 1. type of ownership, 2. exposure of ownership to liability, 3. taxation, 4. continuity of existence, 5. formality in operations, and 6. managerial control.
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