How exactly a limited partner can lose the limited partner status and become a general partner with unlimited liability? Can you think of any relevant case law? (accorning to canadian law)
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How exactly a limited partner can lose the limited partner status and become a general partner with unlimited liability? Can you think of any relevant case law? (accorning to canadian law)
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- How to develop a business? Use the following information as the basis for this activity: Business Legal Structure Kevane Grant Thornton LLP Limited Liability Company Toys “R” Us Private Corporation Facebook, Inc. Public Corporation Based on the information provided, write an essay in which you discuss how to build a business.Use the following guiding questions: What is the difference between these legal structures, in terms of the liability of their owners? If you were to open a business, which of the legal structures would you use and why? Explain your answer.How does limited liability impact the decision-making process and risk management strategies of a company?Compare the advantages and disadvantages of the corporation versus the partnership
- Define public limited liability business with appropriate examples. Briefly explain three main characteristics of a public limited liability business?pls help ASAPWhen more established, well-defined private property rights are in place, externalities will be Choose one: A. less prevalent. B. more prevalent. C. not dependent on private property rights.
- Discuss the consequences of incorporation of a company and elaborate oh how different groups Such as shareholders creditors and diare affectedWiener Haus #82 has been underperforming for a few years. The franchisee (owner of Haus #82) is frustrated and files a claim against the franchisor for breach. The franchisee claims that the agreement he signed contained a statement at the start of the agreement detailing that the business model the franchisor developed was "proven effective and profitable." On these facts, does the franchisee have a winning breach of contract claim against the franchisor? O No, the contract formed was a voidable contract. Thus, the franchisor is void of responsibility if the business model does not produce profit for the franchisee. O Yes, the franchisee relied on these statements when deciding to contract and thus the franchisor should be responsible when the business model fails to work for the franchisee. O No, courts have generally held that the type of language relied upon by the franchisee is "prefatory" and does not create a duty on the part of the franchisor. O Yes, the money paid to the…What is one of the primary roles that agency law plays in partnerships? Group of answer choices: A. Controls formation of the entity. B. Dictate how the partners can operate the business. C. Whether or not a partner can bind the partnership to obligations or liabilities. D. Dictates what the operating agreement must state..
- Bailey is a limited partner in his company. A general partner in his company is going on an extended vacation and has asked Bailey to run the company while he is gone. If Bailey agrees to do so, he will no longer qualify as a limited partner. ( a) True b) FalseRead the case of Lambert v. Barron. What are the most important facts that support Lambert’s position that a contract existed? What are the most important facts that support Barron’s position that a contract did not exist? Do you agree with the outcome of the case? https://caselaw.findlaw.com/la-court-of-appeal/1241354.htmlWhat is a continuation agreement? Why is it important in an LLP?