In the limited partnership form of carrying on business, the limited partners liability is limited to her
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In the limited partnership form of carrying on business, the limited partner’s liability is limited to her actual or agreed upon contribution to the partnership. To preserve this status, the limited partner must not participate in the management of the partnership business. What do you think is the reason for this prohibition? Can you think of situations where it would be useful for the limited partner to participate in management?
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Canadian Business And The Law
ISBN: 9780176795085
7th Edition
Authors: Philip King Dorothy Duplessis, Shannon O Byrne
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