Question: 1 1 value 10.00 points A general partner O has less legal liability than a limited partner O can end the partnership by withdrawing O

1 1 value 10.00 points A general partner O has less

1 1 value 10.00 points A general partner O has less legal liability than a limited partner O can end the partnership by withdrawing O faces double taxation whereas a limited partner does not. O cannot lose more than the amount of hisher equity investment. O is the term applied only to corporations which invest in partnerships. References Difficulty 2 Intermediate Multiple Choice Type here to search

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

1. A general partner: a. has less legal liability than a limited partner. b. can end the partnership by withdrawing. c. faces double taxation whereas a limited partner does not. d. cannot lose more...

please answer all questions or dont answer at all 12) A general partner: A) has less legal liability than a limited partner. B) can end the partnership by withdrawing. C) faces double taxation of...

please answer all the questions. thank you so much DIVISION OF PARTNERSHIP NET INCOME (LOSS) (18 points) Chaim, David & Ephraim have formed a partnership and are interested in seeing the results of...

23. TRANSACTING BUSINESS, USING THE FACTS BELOW, DISCUSS WHEN, IF AT ALL, TECH CONSULTING INC, a North Carolina domestic corporation, will be deemed to have been transacting business in MI. DISCUSS....

- Business Organizations - Figure out the Business You Want to Start Before continuing, choose a business that you want to start. Keep the details in mind as you review the Business Organization...

Highlight the correct answer for the questions in the attachment. 1 Marks: 1 A sole proprietor is ________. Choose one answer. a. a shareholder in an S-Corporation. b. one or more individuals who are...

Question 1 (2 points) Which of the following is true of limited liability companies? Question 1 options: A) An LLC can be sued by third-parties as a separate entity. B) An LLC cannot enter into...

disinterested in being involved in the day to day operations of the business, and also do not want to commit anything more than their initial investment to the project. The nature of the product...

1)Identify the cash flow patterns for 2020 and 2019. What do these patterns tell us about Loblaw? 2)Calculate the average age percentage of Loblaws property and equipment for 2020 and 2019 and...

these are the ones I was telling I need help on and must be completed in 1 hour. ty 1. The Mayer and Rodin partnership agreement stipulates that profits and losses will be shared equally after salary...

Social Security is primarily a pay-as-you-go program, which means that the government pays retirees their promised benefits by taxing todays workers. Imagine that Social Security moved to a fully...

The lattice constant of BaTiO3, a ceramic material used to make capacitors, for the cubic crystal structure is 4 . This material is analyzed using copper K- radiation of wavelength 1.54 . What will...

How can market risk be defined in absolute terms? A dollar exposure amount or as a relative amount against some benchmark. The capital required to offset a sudden decline in the value of its assets....

Use the New York port to complete the following tasks. In answering this question, please briefly describe the location of the port, infrastructure and facilities, services and major trade (less than...

Would you expect interest rates to be correlated with loan amount and debt-to-income ratios? Why or why not?

Does SAT Average appear to be predictive of college completion rate?

Interest rates on loans from this period range from 6 percent to 26 percent. Hover over a single value in the top-right cluster. What interest rate is assigned to this value?