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partnerships are one form of business, the problem is that partnerships struggle to raise capital (cash) and the partners have legal responsibility for the liabilities
partnerships are one form of business, the problem is that partnerships struggle to raise capital (cash) and the partners have legal responsibility for the liabilities of the business. There are several alternative forms of organization such as Subchapter S Corporation, Limited Partnership (LPs), Limited Liability Partnership (LLPs), and Limited Liability Companies (LLC's). choose one of these and explain how it is organized differently from a general partnership and the advantages and disadvantages of the form of business.
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