Question
The various types of partnership includes limited partnerships, general partnerships, limited liability partnership, and Limited Liability Corporation Partnership (LLC Partnership).An LLC partnership can have two
The various types of partnership includes limited partnerships, general partnerships, limited liability partnership, and Limited Liability Corporation Partnership (LLC Partnership).An LLC partnership can have two or more owners, called members. Limited liability companies with multiple members are referred to as multi-member LLCs or LLC partnerships.Under an LLC partnership, members' personal assets are protected. In most cases, members can't be sued for the business's actions or debts. Members can be held liable for other members' actions, though.
What type of partnership would you be interested in forming?
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1 Limited Partnership LP In an LP there are one or more general partners who have unlimited liabilit...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
