Business

Business, 06.11.2019 17:31, raincalderxn

Ageneral partner has unlimited liability for the debts of the partnership only if he or she personally approved the decisions that resulted in those debts. true or false.

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Business, 27.07.2019 18:30, skylar7192

How is a general partnership organized? only one partner is responsible for the debts of the partnership. no partner is responsible for the debts of the partnership beyond his or her investment. every partner shares equally in both responsibility and liability. the doctors, lawyers, or accountants who form a general partnership hire others to run the partnership. description?

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Business, 27.08.2019 09:10, j015

1. what percentage of all businesses are partnerships? 2 percent 7 percent 15 percent 25 percent 2. what is a major advantage of a business that is a partnership rather than a sole proprietorship? the responsibility for the business is shared. the business is easy to start up. the partners are not responsible for the business debts. the business is easy to sell. 3. what is the difference between a limited partnership and a limited liability partnership? in a limited partnership, every partner is responsible for the company's actions. in a limited partnership, partners cannot lose the money they have invested. in a limited liability partnership, only one partner manages the business. in a limited liability partnership, all partners are limited from liability in some situations. 4. what are assets? suits against a partnership absolute control over a company money and other valuables taxes that apply to a partnership 5. how is a general partnership organized? every partner shares equally in both responsibility and liability. the doctors, lawyers, or accountants who form a general partnership hire others to run the partnership. no partner is responsible for the debts of the partnership beyond his or her investment. only one partner is responsible for the debts of the partnership.

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Business, 02.10.2019 18:20, darrriannn7241

Which of the following partnership characteristics causes each partner to have personal liability for the debts of the partnership? unlimited liability limited life mutual agency co-ownership of property

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Business, 08.11.2019 07:31, mvongphakdy8124

In a general partnership, each partner is personally liable for: the partnership debts that he or she created.his or her proportionate share of all partnership debts regardless of which partner incurred that debt.the total debts of the partnership, even if he or she was unaware of those debts.the debts of the partnership up to the amount he or she invested in the firm.all personal and partnership debts incurred by any partner, even if he or she was unaware of those debts.

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