Question
1. Identify the advantages and disadvantages of being a limited partner. 2. Compare a partnership and corporation based on the following categories: 1. Ease of
1. Identify the advantages and disadvantages of being a limited partner.
2. Compare a partnership and corporation based on the following categories:
1. Ease of Formation
2. Ownership & Control
3. Transferability of Interests
4. Taxation
3. Define the terms dividend and plowback. Speculate as to why a corporation and its shareholders would prefer to implement plowback instread of issuing a dividend?
4. Explain cumulative voting. Distinguish cumulative voting from regular voting. Who benefits when cumulative voting occurs?
5. List the factors that distinguish an ordinary investment from a security.
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