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4. Bert and Philip have decided to form a partnership to operate a lawn care service. Discuss whether they should name the business and, if
4. Bert and Philip have decided to form a partnership to operate a lawn care service. Discuss whether they should name the business and, if so, what considerations affect the name they might choose. (10 points) 5. What is the effect on liability of a limited partner who participates in the management of the partnership? What activities may a limited partner perform without affecting liability? (15 points) 6. Describe an LLC and the rights of its members. (10 points) 4. Bert and Philip have decided to form a partnership to operate a lawn care service. Discuss whether they should name the business and, if so, what considerations affect the name they might choose. (10 points) 5. What is the effect on liability of a limited partner who participates in the management of the partnership? What activities may a limited partner perform without affecting liability? (15 points) 6. Describe an LLC and the rights of its members. (10 points)
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