Activity #7: CHANGING OWNERSHIP.

Respond to the following FOUR things below:

1. You are a Sole Proprietor. You may want to change your current business ownership. List THREE advantages and THREE disadvantages of a Partnership.

2. Describe several other types of ownership.

3. Assume you are the owner of a Sole Proprietorship. Use the Internet to investigate HOW TOREGISTER A LIMITEDPARTNERSHIP(LP)in Maryland.

Include

• What needsto be registered for a LimitedPartnership
• What officesfor each
• Names and phone numbersfor each

4. List 5 things that should be included in the Articles of Partnership. Hint: look at https://www.investopedia.com/terms/a/articles-of-partnership.asp

Beas specific as possible. G