What is the difference between a general partnership and a limited liability company? When might each type
Question:
What is the difference between a general partnership and a limited liability company? When might each type of entity be used? Why?
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
In a general partnership GP each owner is a general partner and may partic...View the full answer
Answered By
Divij Sehgal
I believe in creating a strong base of fundamentals in Students’ minds and helping them to weave various concepts involved in a topic which gives them different approaches for a particular problem and understand intricacies.
As a tutor, I always use a methodology that keeps the students intrigued which makes learning easier. I like to guide my students through the field applications of the key principles involved in a subject which further helps them to pursue a career of their choice. With persistent practice and efforts my students performed beyond their own expectations that became my constant source of inspiration and helped me improve my teaching skills on a regular basis.
0 Reviews
10+ Question Solved
Related Book For 
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
Question Posted:
