What does a limited partnership need to do if it wants to continue operations after a general partner withdraws?
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What does a limited
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- Every organization is formed into an entity of some sort, and is usually done to protect individuals from liabilities connected with business operations. If you were starting your own business, which entity formation would you use--sole proprietorship, partnership, LLC, or corporation? Why? Which entity formation would you never use? Why?The process by which two or more corporations combine in such a way that one of the original corporations continue to exist and and the other one ceases to exist is called a: X merger. parent-subsidiary takeover. consolidation. joint venture.Forms of business ownership refer to the legal structures under which a business operates. There are several types of business ownership, including sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). Each form of ownership has its advantages and disadvantages, and the choice of the form of ownership depends on various factors such as liability, taxation, and management structure.Critically evaluate the relevance of the advantages and disadvantages in light of current trends and developments in the business environment.
- Assume that you and some of your classmates will form a partnership of some type for the sole purpose of investing in real estate. You meet at your favorite restaurant and draft an informal agreement that will be the starting point of your new entity. Write that agreement. What would be your role relative to your partners?Briefly describe the reasons why a company might wish to take over another 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?
- how is a limited partnership transferred or sold and how the ownership interests would be handled?Provide examples of abuses that can occur when a person is in a position of power. Are whistle-blowers a friend or foe to an organization? An individual speaks up and helps protect the organization through harm. Some employees refer to him as “the snitch.” What means can you ensure that the employee is protected from harm?In a franchising agreement, what is the franchisee often called on to do?