Question
Ques.1: Felicia purchased a medical practice and is looking for another investor. Felicia's friend Louise (who is also a medical doctor) is interested in forming
Ques.1: Felicia purchased a medical practice and is looking for another investor. Felicia's friend Louise (who is also a medical doctor) is interested in forming a partnership . Although each doctor is comfortable being a partner in business, both Felicia and Louise want to insure that they are liable only for their own torts. Louise invests $380,000 in partnership after filing the requirement paperwork what type of partner is Louise in this business.
- Limited Partner
- General partner
- Limited liability partner
Ques. 2: Define just cause and explain what effect it has on the requirements of notice. Provide an example of just cause.
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