What happens if a limited partner takes an active role in managing the business?
Answer to relevant QuestionsWhat advantages does a limited liability company (LLC) offer over an S corporation? Why do so many entrepreneurs run into trouble when they buy an existing business? Fran Lubbs, who after a five-year stint left the corporate office of Goddard School, an early education franchise, to become a franchisee, says, “Follow the system. It’s one of the reasons you bought the franchise. ...What objectives should a marketing plan accomplish? Describe how a small business owner could use the power of publicity for a competitive advantage.
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