What is meant by a limited partner? What is the extent of limited liability? What qualifications must
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What is meant by a limited partner? What is the extent of limited liability? What qualifications must be met for such a limited partnership to exist and how it can be lost? Distinguish such a limited partnership from a limited liability partnership.
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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A limited partner must be registered as such not participate in the management of the busin...View the full answer
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