A company is being created and the owners are trying to decide whether to form a general

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A company is being created and the owners are trying to decide whether to form a general partnership, a limited liability partnership, or a limited liability company. What are the advantages and disadvantages of each of these legal forms?

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Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Question Posted: Oct 04, 2014 03:46 AM

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A company is being created and the owners are trying to decide whether to form a general

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In a general partnership each partner can have unlimited liability for the debts of the business The...View the full answer

Advanced Accounting

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