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A limited liability partnership (LLP) is attractive to partners because Answer it allows “full shield” protection no matter in what state you operate. there is no distinction between limited
and general partners. only the partner who provides the capital has limited liability. professional businesses can form LLPs in any state.
In a limited partnership, only the partner who provides the capital can have limited liability. Industrial partners cannot be a limited partner.
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Not all corporations are large. In recent years, about 24 percent of corporations have reported less than _____ in total sales revenue. a)$100,000 b)$25,000 c)$1,000,000 d)$50,000
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Asked 9/27/2013 7:07:42 AM
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For the franchisee, the advantages of a franchise arrangement often include Answer a. less risk and easier access to funding. b.unlimited and unrestricted opportunities for growth. c. low cost of formation. d freedom and flexibility in management.
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Asked 9/27/2013 7:34:56 AM
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In an acquisition, the firm being purchased is the _____ and the firm which is purchasing the other firm is the _____ general corporation B)partner C)franchisor D)franchisee
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Asked 9/27/2013 7:18:53 AM
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As a form of ownership, a disadvantage of general corporations is that _____ a. they are unable to make use of specialized management. b. their growth is limited because of difficulties in raising financial capital. c. they can only be owned by U.S. citizens, creating legal problems when they try to expand in the global economy. d. they are more expensive and complex to form than most other types of business.
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Updated 3 days ago|10/21/2014 10:45:54 AM
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As a form of ownership, a disadvantage of general corporations is that: they are more expensive and complex to form than most other types of business.

Added 3 days ago|10/21/2014 10:45:54 AM
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