Question: Discuss the differences between an LP, LLLP, and LLP. Focus on the purposes each form was designed for, and liability of the partners. (2) If

Discuss the differences between an LP, LLLP, and LLP. Focus on the purposes each form was designed for, and liability of the partners. (2) If you were starting a business, which form would you use, and why

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 Law Questions!

Focus on the purposes of each form ( LP , LLLP , and LLP ) was designed for and the liability of the partners. If you were starting a business, which form would you use, and why?

purposes of each form ( LP , LLLP , and LLP ) was designed for and the liability of the partners. If you were starting a business, which form would you use, and why?

Focus on the purpose of each form (LP, LLLP, and LLP) was designed for and the liability of the partners. If you were starting a business, which form would you use, and why

the purposes of each form ( LP , LLLP , and LLP ) was designed for and the liability of the partners

"PCAOB Inspection Reports for KPMG" is an excellent topic. Summarize 3 reports - 2010, 2012 & 2014.At least 6 references are needed - 3 academic & 3 practitioner (short articles).Please follow the...

BUSINESS LAW - BLAW150 - Winter 2017 Instructor: Frank Fischer ASSIGNMENT #2 - 1st Alternative DUE DATE: Friday April 21, 2017 11:59 pm I have decided to create two (2) alternative assignments for...

FLATIRONS INC. Flatirons, Inc. (dba Flatirons Flapjacks Caf) specializes in unique breakfast and brunch menus and gourmet coffees. Maria Trujillo and Jason Johnson formed the corporation and opened...

Please Help with this Hypothetical 1065 Tax Return.. Form 1065 Due Thursday, November 12 by 5:00 PM CST US Check Figures - Form 1065 Page 1, Line 22 (Ordinary Business Income) - $156,275 Page 5, Line...

Starting a Business/Creating an LLC The process of starting a business is extremely timeconsuming. A successful entrepreneur is aware that careful attention to legal issues is an essential component...

Accounting Theory The questions/requirements to answer for each paper are: 1. What is the research question of the article? 2. Explain the main arguments and conclusion of the article. 3. Give 1...

4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for wheat in Kenya. The world price (Pw) of wheat is $255 per bushel and is represented by...

Complete the following worksheet columns; Total 2yr Financial Bonus Package Package $5.000 $1,500 $1.500 $5.500 $2.000 Bonus above/below 5000 Cost of Total Jyr. Financial Annual Ling Salary...

Assume that f is a one - to - one function. ( a ) If f ( 4 ) = 9 , find f 1 ( 9 ) . ( b ) If f 1 ( 2 ) = 5 , find f ( 5 ) .

Your friend Diane Helbert has been hired to help take the physical inventory in Mozenas Hardware Store. Explain to Diane what this job will entail.

Tristar Production Company began operations on September 1, 2013. Listed below are a number of transactions that occurred during its first four months of operations. 1. On September 1, the company...

Dickeys has equipment that cost $45,000 and that has been depreciated $26,000. Instructions Record the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was...

What conclusions do you draw from this about the statement at the start of the chapter that if we only draw upon one particular frame, then this will take us away from thinking about what is going on...

Choose another change image and apply it to the turnover problem. To what new insights does it lead?

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

5. List three of what you would call your core values. For each of these core values, answer the following questions. a. What is the purpose of this value in your life? b. How does this value affect...

3. What values would you say are your core values?

12. Think of a situation where you felt particularly powerless. It must be a real event that you remember relatively well. Try to think back. What was it you imagined just before you felt powerless...