Is it a good idea to put a minimal amount of information down on the limited partnership agreement?
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Is it a good idea to put a minimal amount of information down on the limited
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- Explain the circumstances where it would be preferable to use the partnership as a form of business organization. What are the risks?In your opinion, what are the main advantages and disadvantages of organizing a firm as a corporation? If you were starting a business, would you use this option and why?A corporation cannot be prosecuted for the commission of criminal acts. True or false?
- What is the operational or organizational structure of a Limited partnership and how your the partnership addresses tax and liability issues?1. Define risk retention and explain why a large corporation may be able to use this technique more effectively than a small company.You have been invited to become a member of a partnership. What are five of the considerations you need to assess in making a decision whether to join the partnership and whether to become a general or limited partner?