Loose Leaf for Foundations of Financial Management Format: Loose-leaf
Loose Leaf for Foundations of Financial Management Format: Loose-leaf
17th Edition
ISBN: 9781260464924
Author: BLOCK
Publisher: Mcgraw Hill Publishers
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Chapter 1, Problem 4DQ
Summary Introduction

To Explain:The type of partnership that allows investors to limit their liability.

Introduction:

Partnership:

Partnership refers to a type of business in which two or more people agree to share the responsibility of managing the business, profits and losses through a partnership deed. The profits/losses earned by the business are generally shared in a particular ratio. The partners are also given other special benefits. A partnership is basically of two types - general and limited.

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