Question: What must a person do in order to qualify as a limited partner? What happens when a limited partner violates one of these qualifications?

What must a person do in order to qualify as a limited partner? What happens when a limited partner violates one of these qualifications?

Step by Step Solution

★★★★★

3.44 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The limited partnership must be registered F... View full answer

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

Document Format (1 attachment)

Word file Icon

1371-L-B-L-A-A-E-L(1131).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

What must a person dealing with a corporation establish to enforce a contract with the corporation?

Q:

1. What must a person prove in order to win an infringement action: 2. Didnt Google copy Perfect 10s work? 3. Then why is that not a copyright violation?

Q:

What must a person establish in order to escape contractual obligations on the basis on inanity?

Q:

Re Chapter 10 : Q1, 15, 23, 27 1. Describe an agency relationship and explain the role of the parties. Why is it important to understand the law of agency in business? 15. Distinguish among a sole...

Q:

Insert Editing Paragraph MILICA 1 1 2 3 4 5 15. Distinguish among a sole proprietorship, a partnership, and a corporation. 17. If two people enter into a business together with the object of making...

Q:

Chapter 10: 1) What is Sole Proprietorship. 2) If two people enter into a business together with the object of making money but lose it instead, can the business still be a partnership? 3) What must...

Q:

Match the terms relating to the basic terminology and concepts of corporate finance on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of...

Q:

business law2 in the Philippines, answer the following I - MULTIPLE CHOICE QUESTIONS 1. They have priority if the partnership is insolvent: a. Separate creditors c. Both A and B b. Partnership...

Q:

Need help with the AICPA practice questions. Please return the answers for the questions ASAP. 1.The AICPA Ethics Codification includes the following sections: a. Preface, rules, and interpretations...

Q:

Building and Construction BSBSMB401 Establish legal and risk management requirements of small business Learner Materials and Assessment Tasks Table of Contents About BSBSMB401 Establish legal and...

Q:

Brad was hired as a new security engineer to build a new security network infrastructure for Zee Corp. Zee e-Commerce systems was not properly protected against cyber-attack. One major safeguards...

Q:

When taking samples of subgroups from a process, do you want assignable causes occurring within the subgroups or between them? Fully explain your answer.

Q:

A property is financed with an 8 5 percent loan - to - value ratio at 1 0 percent interest over 2 5 years. What would be the estimated BTIRREBTIRRE on equity given that the BTIRRpBTIRRp is 1 0 . 7 5...

Q:

1.Consider a firm that uses capital and labor as inputs and sells 20,000 units of output per year at the going market price of $15. Also assume that total labor costs to the firm are $250,000...

Q:

On August 1, 20Y9, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August: a. Opened a business bank account with a deposit of $35,000 in...

Q:

The assets and liabilities of Wilderness Travel Service on April 30, 20Y7, and its revenue and expenses for the year are as follows: Common stock was $25,000 and retained earnings was $155,000 as of...

Q:

Jose Loder established Bronco Consulting on August 1, 20Y1. The effect of each transaction and the balances after each transaction for August follow: Instructions 1. Prepare an income statement for...

Q:

Revenues generated by a new fad product are forecast as follows: Year Revenues 1 $55,730 2 40,000 3 20,000 4 10,000 Thereafter 0 Expenses are expected to be 50% of revenues, and working capital...

Q:

using the Matlab code and making your own d2x x(1),r(1)-dr , a(t) = dt dt x(t) by solving the following initial value problem dtdt x(0)dt Background: See notes for the derivation. Tasks: Convert the...

Q:

You are a project manager who has been asked to help select the next project your organization should work on. Given the following financial information for two projects: a. Which project would you...