Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

Which of the given statements is accurate?

a. In a regular partnership, liability for other partner's misdeeds is limited to the quantity of a particular partner's investment in business.

b. Attracting big amounts of capital is harder for partnerships than for corporations because of such factors as unlimited liability, the requirement to reorganize when a partner dies, and the illiquidity (difficulty buying and selling) of partnership interests.

c. The slow-growth company, with little requirement for new capital, would be more probable to organize as a corporation than would a faster growing company.

d. The limited partners in a limited partnership include voting control, while the general partner has operating control over the business. As well the limited partners are individually responsible, on a pro rata basis, for the firm's debts in the event of bankruptcy.

e. The main difficulty of all partnerships compared to all corporations is the fact that federal income taxes should be paid by the partners instead of by the firm itself.

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M915921

Have any Question? 


Related Questions in Business Law & Ethics

1 what is the difference between criminal law and civil

1. What is the difference between criminal law and civil law? 2. What is tort law and what does it permit an individual to do? 3. What are the three primary types of public law? 4. Which law amended the Computer Fraud an ...

Assignment question 1in january 2014 technicalities ltd a

Assignment Question 1: In January 2014 Technicalities Ltd., a labour hire company, hired Maisy, an office worker. She was re-entering the workforce after being a full-time mother at home for two years. Technicalities pla ...

Prepare a complete slide presentation for the board of

Prepare a complete slide presentation for the Board of Directors (BOD) outlining the justification for implementing a new organizational function describing activities, applications, justification and benefits of impleme ...

The purpose of the final paper is to analyze and explain

The purpose of the Final Paper is to analyze and explain the similarities and differences between traditional policing and COPPS as well as infer the future of police leadership. Within the scope of the paper the student ...

1 the duty of fair representation was created bya statuteb

1. The duty of fair representation was created by: a. Statute b. Judicial decision c. Executive order d. All othe the above 2. Under federal legislation, national and international labor organizations must elect officers ...

Write a 400 to 700 word paper on the crowding effect the

Write a 400 to 700 word paper on the crowding effect the war on drugs has had on correctional organizations. Propose three workable solutions to the situation. Substantiate your solutions with appropriate facts and figur ...

Supervisory practices in criminal justice essayanalyze

Supervisory Practices in Criminal Justice Essay Analyze organizational culture as it relates to the supervision of criminal justice entities. Write a 2-4-page paper (excluding cover page) responding to the following: Off ...

Write a 700- to 1050-word reflection paper in which you

Write a 700- to 1,050-word reflection paper in which you address the following concepts: Identify your core values. Describe how people acquire and change values. Explain what values do for and to us. Explain the nature ...

Assignment the future of digital crimes and digital

Assignment: The Future of Digital Crimes and Digital Terrorism In the United States, a number of law enforcement agencies, including the Secret Service, the Federal Bureau of Investigation (FBI), and the Department of Ho ...

Question 1 discuss the issue of the supermax prison what

Question 1: Discuss the issue of the supermax prison. What are some of the issues that these facilities face in their operation? What are some of the issues that staff members face who work in these institutions? Examine ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen