Unit 1 Milestone 4

JPG

School

American Public University *

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Course

BUSN311

Subject

Business

Date

Nov 24, 2024

Type

JPG

Pages

1

Uploaded by streetmod28

Report
Which of the following is an example of a limited partnership? Liam's father invites Liam to help him run the family HVAC business. O They sign an agreement in which they agree to share all of the business' profits and losses. Bethany and four of her friends open an interior design business when they graduate from college. Only Bethany meets directly with O clients and opens new contracts, but all of the friends are fully liable for the contracts that Bethany signs. Maria agrees to invest some of her college savings in her sister's natural skin care company, but she doesn't want to rick losing more o © than she invested. Maria and her sister sign a partnership agreement that protects Maria from further accountability. Anthony decides to turn his woodworking hobby into a business and is so successful that he soon employs ten people to help him O manage the daily demands of his business. Anthony remains exclusively responsible for all of the company's decisions and for all of its debts.
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