Please help as I am very confused

THE TOPIC IS = "Things u find interesting and thought-provoking about the benefits of Partnerships when running a business."

*** Requirements: Twelv e paragraphs please ****

12

Partnershipsw Read this section. For various reasons, individuals may decide that it is better to run a company with others than on their own. These individuals may decide to organize as a partnership in order to draw on the experience and expertise of others. There are several forms of business partnerships. and these sections discuss some of them. The Legal and Ethical Environment of Business: Chapter 11, Section 2: Partnerships 5- Read this section. Limited liability partnerships {LLPs} are discussed in the last paragraph of this section. and you should be aware of their function. LLPs are organizations that provide limited liability and tax advantages to professional partnerships. such as law rms and accounting rms. Limited liability limited partnerships [LLLPsl include both general and limited partners. Both the general and limited partners are allowed to manage the partnership. It is a unique type of business formation, in that both general and limited partners enjoy limited liability and are not held personally liable for the partnership's debt. To form a limited liability limited partnership, articles of limited liability limited partnership must be led with the secretary of state's ofce along with the required ling fee. The Legal and Ethical Environment of Business: Chapter 11, Section 4: Limited Liability Entities El) . Previous Next &gt