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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There are two important reasons why this type of business would probably be organized as a limited p...View the full answer
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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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