Corporate Finance
3rd Edition
ISBN: 9780132992473
Author: Jonathan Berk, Peter DeMarzo
Publisher: Prentice Hall
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Chapter 1.1, Problem 1CC
Summary Introduction
To Determine: The meaning of Limited Liability Corporation (LLC) and the reasons why it differs from Limited
Introduction: A limited partnership is otherwise called as LP; a type of partnership firm in which a portion of the partners contributes just fiscally and are at risk just to the degree of the measure of cash they have contributed.
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