what are the benefits and detriments of being a general partner versus a limited partner of a limited partners

Q: Revised Uniform Partnership Act

A: A partnership is a type of company in which two or more parties form a contractual arrangement.The…

Q: Differentiate consortia and joint ventures

A: Talking about the joint venture then, the joint venture is a form of association between the two or…

Q: Partnerships and most LLCs are known as pass-through entities. What does this mean for their…

A: Limited liability companies (LLCs) are going through substances naturally. Except if the proprietors…

Q: What is an advantage of partnerships over sole proprietorships?    A. In partnerships, the owners…

A: Sole proprietorship is one form of organization where a single person owns the business. All the…

Q: Discuss the advantages and disadvantages of a partnership

A: A partnership is a type of business structure in which two more people come together to conduct the…

Q: Under what conditions would you consider joining a partnership, Why would you avoid becoming a…

A: A partnership is a sort of business in which the owners are directly responsible for the actions of…

Q: Which of the following statements is correct regarding a limited partnership?

A: Correct statements regarding a limited partnership:

Q: What are the advantages of sole-proprietorship, partnership

A: Sole Proprietorship The most common type of business ownership in the world is the sole…

Q: Explain what rights shareholders have in a Joint Stock company? Describe each right in detail.

A: А  shаrehоlder  (аlsо  knоwn  аs  stосkhоlder)  is  аn  individuаl  оr  institutiоn  (inсluding  а…

Q: In a partnership business, which type of partner has unlimited liability? Limited partner Silent…

A: In a partnership business, which type of partner has unlimited liability? General partners    For…

Q: Discuss the nature and classes of corporation.   2. What are the powers of corporation?   3. Explain…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Define partnership. Explain in your own words, five merits and five demerits of partnership

A: A business organization can be run by partners or can be run individually. It can be wrong to say…

Q: Distinguish between partnership and joint stock company

A: A partnership is a form of business organization in which two or more individuals join hands…

Q: • Characteristics of Partnership • Kinds of Partnership • Kinds of Partners

A: A partnership can be defined as a business in which more than one individual is involved and all of…

Q: Which of the following should come in the blank space in the expression "............. companies,…

A: D) Incorporated company

Q: describe a general partnership business venture that  would be interested in becoming involved in.…

A: A business organization refers to a legally recognised entity that is formed for carrying out…

Q: . Discuss the relative advantages and disadvantages of operating a business as a Limited Liability…

A: About Limited Liability Partnership- The limited liability partnership is the arrangement of…

Q: Compare the advantages and disadvantages of the corporation versus the partnership

A: Advantages: For the corporate debts, stockholders are not liable. It is easy to transfer the…

Q: What is the difference between a limited partner and a general partner?

A: Partnership is created under the law using contracts. Every company is created by group of people…

Q: Distinguish between a limited partnership and a limited liability company.

A: A partnership refers to an agreement between two or more parties for managing and operating a…

Q: Describe the characteristics of a limited liability partnership.

A: A Limited Liability Partnership is a corporate business alternate vehicle that syndicates the supple…

Q: Differentiate sole proprietorship, partnership and corporation

A: In order to start a new business it is often seen that the people are often often confused about the…

Q: The general partnership can be best describe by which of the following statements. a. At least one…

A: A General Partnership is an agreement between the partners to establish and run a business together.…

Q: Is the owner of a small corporation "free to make all the decision" as a single proprietor? Explain

A: NO,the owner of a small corporation is not "free to make all the decision" as a single proprietor…

Q: What is a closely held corporation, and why do somecompanies choose this form of ownership

A: Below is the solution-

Q: When a new corporation is formed to acquire two or more other corporations through an exchange of…

A: A Merger refers to the combination of one or more business entities into a single business entity in…

Q: Who has the right to elect the Board of Directors? a. The common shareholders b. The preferred…

A: The board makes decisions as a trustee on behalf of shareholders. problems that fall into a board's…

Q: A, B and C were in general partnership business. Because of wrong decision taken by Mr.C the…

A: Partnership refers to the form of business entity where the two or more persons joined hands…

Q: Which of the following statement describe a sole proprietorship? a. The sole proprietorship business…

A: Sole proprietorship refers to the type of business incorporated with one owner paying the income tax…

Q: A general partnership would be the best choice of legal entity for a business such as a…

A: One of the biggest steps in starting a business is determining its structure. Choosing the right…

Q: A partnership firm doesn’t have the legal existence as a separate legal entity. Explain the…

A: A partnership is an arrangement where two or more person come together to run a business and form a…

Q: Why might an investor choose to become a partner in alimited partnership instead of purchasing the…

A: A partnership is the deal between two or more people to achieve a common goal. In a business…

Q: Which of the following must occur for a new partner to enter the partnership by acquiring an…

A: Partnership is when a business is carried out by more than one owners. Partnership is not a legal…

Q: What are some advantages and disadvantages of going into a partnership? Should one go into a…

A: A business is a buying or selling of goods or a services to earn a profit. There are various  forms…

Q: 1. Goldie and Hattie want to develop real estate and want to organize it under their state's Revised…

A: Limited partnership is a form of business entity which must have a minimum two people, one general…

Q: Compare and contrast the similarities and differences between sole proprietorships, corporations,…

A: Similarities between sole proprietorship, corporations & partnership firm:  Objective: All…