Question
which business is the best example of a limited partnership? a. Bradley and Nick operate a music studio and ate both personally liable for the
which business is the best example of a limited partnership? a. Bradley and Nick operate a music studio and ate both personally liable for the debts of the business. Bradley invested 30000 in the business while Nick contributed the music studio and paid for certain equipment. They both share in the profits of the business. b. Cameron own and operates a heating and cooling repair business and is personally liable for the debts of the business. Andrew Ken and Zachary are all employed as service techs. Cameron offered each of them the option to buy 5% Share of the business. They each decided to exercise the option and they will be entitled to a share of the business profits. They will be responsible for business debts up to the amount of their initial investment. c. Michael and Samantha operate a coffee shop and are both personally liable for the debts of the business. Michael contributed the building in which the coffee shop operates. Samantha invested 10000 and also contributes her labor she works as a barista several days a week. they both share in the profits of the business. d. Patrick operates a cellular phone repair shop. James gave Patrick 50000 to open the business and he shared in the profits with Patrick. They are both personally liable for the debts of the business
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