answersLogoWhite

0

they are this way because of the same puposes they have and their goal

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What are Family Limited Partnerships used for?

Family Limited Partnerships are used to hand down wealth from generation to generation. You can learn more about Family Limited Partnerships online at the Wikipedia.


Do limited liability partnerships receive 1099 forms?

No, limited liability partnerships do not receive 1099 forms.


Classes of partnership?

There are numerous different kinds of partnership organizations, or classes, that businesses can choose. Examples include Limited Partnerships and Limited Liability Limited Partnerships.


How many limited liability partnerships compare with general partnerships?

The main difference between limited liability partnership and general partnerships is limited liability. Partners of an general partnerships are liable for all debts accumulated. Partners of an limited liability partnership are enjoying limited personal liability protection. However many people may prefer to incorporate Limited Liability Company instead of an limited liability partnership.


Can limited partnerships have an ultimate controlling party?

no


Form of business ownership?

One form of business ownership is sole proprietorship. This is an individual owner or a married couple. Some of the other types are limited partnerships, corporations, general partnerships, and limited liability partnerships.


What are the classifications of partnership?

partnerships can be broadly classified as universal partnerships or particular partnerships. They can then be further classified as either a general partnership or a limited partnership.


What is a partnership where all partners are limited partners called?

Limited partnerships (LPs) and limited liability partnerships (LLPs) are both businesses with more than one owner, but unlike general partnerships, limited partnerships and limited liability partnerships offer some of their owners limited personal liability for business debts. In limited partnerships (LPs), at least one of the owners is considered a "general" partner who makes business decisions and is personally liable for business debts. But LPs also have at least one "limited" partner who invests money in the business but has minimal control over daily business decisions and operations. The advantage for these limited partners is that they are not personally liable for business debts. The limited liability partnership (LLP) is a similar business structure but it has no general partners. All of the owners of an LLP have limited personal liability for business debts. In order to better understand LPs and LLPs, it's helpful to compare them to general partnerships.


Is tungsten rare?

Yes, tungsten is considered a rare metal. It is relatively rare in the Earth's crust, with a limited global supply. Its high melting point and unique properties make it valuable for various industrial applications.


Do limited liabilities receive 1099?

If they chose to be taxed as Partnerships, yes.


How rare is the blue grundo Neopet?

Not very. Cloudy Paintbrushes are one of the KeyQuest prizes and so are relatively cheap and common. Scorchio are common pets, rather than a limited edition, also.


Why is it usually safer to invest in corporate stocks than to become a partner in business?

Partnerships have unlimited liability, while corporations have limited liability.

Trending Questions
What should you do during the Intercultural Communication? What does it mean when a guy throws you over his shoulder and hugs you for ages and won't let u go but he says he docent like u in that way I'm confused? What to do when your texting someone and there giving a vibe they like you what should you do Even if they have a girlfriend? What would happen if you send your sister with lingere to the apartment of a guy that you like that is mad at you would that help you get him back? Can someone marry in Ghana without being there? How do you talk to someone who you barely know? Are skinny guys well hung? What do you if your best friend and her ex-boyfriend ask you to be in a three-some with them? Wise men talk because they have something to say fools because they have to say something? What do you do if you're 4'6 in 7th grade? Why do kids argue? Is it abuse if your husband constantly yells at your kids and uses threats to manipulate them? Is it okay for you to sleep with your ex boyfriends best friend? Words to describe a good friend? How can I be sure if my ex-boyfriend still has romantic feelings for me when we spend time alone as friends and we're both notorious for hiding our feelings? Only people born in US in 1945 and are still alive in 2010? Why postpone 2 wedding dates and then marry a woman 4 months later totally opposite from the woman to whom you professed your love? What do you call a person with your same name? Am I crazy for wanting to get engaged after only dating a year and a few months? What is the most realistic nanny game online?