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Title: What is the difference between a general partnership and a limited partnership? Post by: goji.go on Feb 8, 2013 What is the difference between a general partnership and a limited partnership? What would be some reasons for choosing a limited partnership?
Title: Re: What is the difference between a general partnership and a limited partnership? Post by: bbb on Feb 28, 2013 In a general partnership, each partner has unlimited liability and is active in managing the business. In a limited partnership, partners invest money in the business and share in the profits, but have limited liability and cannot legally assume any management responsibility. Someone may enter into a limited liability partnership because they want to share in the profits without taking on the risks to personal assets or the role of managing responsibilities.
Title: Re: What is the difference between a general partnership and a limited partnership? Post by: goji.go on Mar 3, 2013 Thanks for helping me with my business review homework.
Title: Re: What is the difference between a general partnership and a limited partnership? Post by: bbb on Jun 6, 2013 Content hidden
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