A real estate development business is managed by two experienced developers and is financed by 50 investors
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A real estate development business is managed by two experienced developers and is financed by 50 investors from throughout the state. To allow maximum income tax benefits to the investors, the business is organized as a partnership. Explain why this type of business probably would be a limited partnership rather than a regular partnership.
A 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...
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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