What are the main advantages of (a) proprietorships (b) partnerships and (c) limited liability companies?

What are the disadvantages of partnership over a limited liability company form of organization for a profit making business?

Emilio Alvarez and Gracila Zavala joined together to form a partnership. It is possible for them to lose a greater amount than the amount of their investment in the partnership. Explain?

What are the major features of partnnership agreement for a partnership or an operating agreement for a limited liability company.

In the absense of the agreement, how will the net income be distributed between two partners in the firm of A and W Envirommental Engineering?