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kaarnold98 kaarnold98
wrote...
Posts: 496
4 years ago
What is the major way in which the roles and obligations of the owners of a limited liability company differ from the roles and obligations of limited partners in a limited partnership?

▸ The owners of a limited liability company have personal obligation for debts incurred by the company.

▸ The owners of a limited liability company can withdraw from the company without the company being dissolved.

▸ There is no separation between the company and its owners in a limited liability company.

▸ The owners of a limited liability company can take an active role in running the company.
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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joanametjoanamet
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Posts: 404
4 years ago
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