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

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 ...

1 the united states does not currently have a policy of

1. The United States does not currently have a policy of using racial profiling, secret police surveillance or a national identity card system. The federal government recently announced new guidelines expanding the defin ...

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 ...

Assignment - inappropriate behaviormarwan has worked at

Assignment - Inappropriate Behavior Marwan has worked at Studio Five Theme Park as a character actor portraying a swath-buckling pirate. He does not have an employment contract. He loves his job because of his seniority ...

Read the following fraud case first nationwide bank v gelt

Read the following fraud case: First Nationwide Bank v. Gelt Funding Corp., 820 F. Supp 89 (1993) Prepare a case brief of this case. Include the following components: Case name and citation The procedural history - what ...

Landlord-tenant lawlarry landlord has recently renovated an

Landlord-Tenant Law Larry Landlord has recently renovated an apartment and has put it on the market to be rented for $800.00 a month. Larry Landlord has been in business for approximately five (5) years and has had both ...

Managing criminal justice organizations essaychanging times

Managing Criminal Justice Organizations essay Changing Times: Police Functions and Technological Changes If you could look back in time to 60 years ago, you would see a totally different make-up and focus of police offic ...

Write a 700- to 1050-word paper on criminal justice

Write a 700- to 1,050-word paper on criminal justice organizational trends. Include the following information: Compare the use of privatization, e-corporation, and militarization of criminal justice organizations with cu ...

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 ...

1 consider the right-hand side of the blackscholes-merton

1. Consider the right-hand side of the BlackScholes-Merton formula as consisting of the sum of two terms. Explain what each of those terms represents. 2 .Explain each of the following concepts as they relate to call opti ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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