Question and answer
What is the difference between a general partnership and a limited liability partnership (LLP)? a. In an LLP, all partners are limited from personal liability in certain situations. b. In a general
partnership, all partners are exempt from personal liability. c. In an LLP, only one partner is required to be a general partner. d. In a general partnership, only one partner has unlimited personal liability for the firm’s actions.
The difference between a general partnership and a limited liability partnership (LLP)d. In a general partnership, only one partner has unlimited personal liability for the firm?s actions.
Get an answer
Original conversation
User: What is the difference between a general partnership and a limited liability partnership (LLP)? a. In an LLP, all partners are limited from personal liability in certain situations. b. In a general partnership, all partners are exempt from personal liability. c. In an LLP, only one partner is required to be a general partner. d. In a general partnership, only one partner has unlimited personal liability for the firm’s actions.

Weegy: The difference between a general partnership and a limited liability partnership (LLP)d. In a general partnership, only one partner has unlimited personal liability for the firm?s actions.
yumdrea|Points 90|

User: you are part-owner of NewBrands corporation because you a. own the company’s stock. b. have created a corporate charter for the company. c. have purchased company bonds. d. attend the company’s annual meetings

Weegy: A)own the company?s stock
chico007hgo|Points 522|

User: You own a successful bicycle repair business. You are considering incorporating in order to a. avoid double taxation. b. raise money more easily. c. avoid government regulations. d. acquire greater control in managing the business.

Weegy: You own a successful bicycle repair business. You are considering incorporating in order to: b. raise money more easily.
tashujain|Points 3|

User: Who faces limited liability for the firm’s debts in a corporation? a. the corporation, but not its owners b. individual stockholders c. No one; only general liability can be faced. d. the chief executive officer

User: Which of the following is an important personal financial consideration that keeps many firms from incorporating? a. Corporation dividends are subject to government regulation, but dividends paid to partnerships are not. b. Boards of directors must be paid according to the income of the firm. c. Stock is nontransferable, and stockholders therefore could lose considerable money if a company failed. d. Stockholders must pay personal income tax on dividends.

Weegy: c. Stock is nontransferable, and stockholders therefore could lose
Monsman|Points 100|

User: Professional organizations are nonprofit organization that works to improve the image, working conditions, and skill levels of people in particular occupations.

Weegy: Professional organizations are nonprofit organization that works to improve the image, working conditions, and skill levels of people in particular occupations.This is True. [smile]
Mayang30|Points 803|

User: You decide to go to a consumer cooperative to buy supplies for your class party. Prices are cheaper there mainly because consumer cooperatives a. make large purchases. b. charge annual membership fees. c. require members to work 20 hours a month. d. help members sell their products.

Weegy: Prices are cheaper there mainly because consumer cooperatives make large purchases.
debnjerry|Points 48043|

User: Your family’s house needs a new roof. In order to find out which roofers are reliable and charge fair prices, your family should call your local a. business franchise. c. Better Business Bureau. b. service cooperative. d. labor union.

Weegy: a. business franchise d. labor union.
emdjay23|Points 1741|

User: a business organization owned and operated by a group of individuals for their mutual benefit

User: The most prominent form of a business organization is a partnership.

User: Which of the following is a disadvantage of a sole proprietorship? a. limited control of decision making c. limited access to resources b. unlimited liability d. both b and c

User: What is a partnership where all partners are limited partners called? a. sole proprietorship c. partnership b. limited liability partnership d. general partnership

Weegy: A)A sole proprietorship is a type of limited partnership
zuni123|Points 60|

User: All of these are advantages of a franchise except: a. management training and support c. centralized buying power b. strict operating standards d. national advertising programs

Weegy: All of these are advantages of a franchise except centralized buying power.
jeifunk|Points 9995|

User: Each of the following is a reward of entrepreneurship EXCEPT: A. shorter work day B. bringing ideas to life C. higher earnings potential D. feeling of accomplishmen

Weegy: Each of the following is a reward of entrepreneurship EXCEPT B. bringing ideas to life
Expert answered|nairos|Points 120|

User: A __________ partnership is when all partners have equal rights and responsibilities. A. sole B. limited C. general D. corporate

Weegy: A __________ partnership is when all partners have equal rights and responsibilities. C. general
Expert answered|nairos|Points 120|

Question
Asked 6/23/2013 8:46:29 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Although a sole proprietorship is the least-regulated form of business organization, which type of regulation do these business owners face that may keep them from operating out of their homes? a. eminent domain laws c. fringe benefits b. zoning laws d. a site permit
Weegy: Although a sole proprietorship is the least-regulated form of business organization, which type of regulation do these business owners face that may keep them from operating out of their homes? ans: zoning laws. [ ] User: an establishment formed to carry on commercial enterprise User: regulation in a city or town that designates separate areas for residency and business User: The 3 types of partnerships are general partnership, unlimited partnership and unlimited liability partnership. true or false Weegy: Hi, what is your question? User: If a general partnership fails, who is responsible for the debts? a. no one b. anyone who works for the partnership c. only the most senior general partner d. all of the partners Weegy: If a general partnership fails d. all of the partners is responsible for the debts. (More)
Question
Expert Answered
Asked 6/23/2013 8:37:52 AM
0 Answers/Comments
Rate of return means User: The availability of your funds on short notice.
Question
Not Answered
Updated 6/23/2013 11:02:43 AM
1 Answer/Comment
Rate of Return means:

The gain or loss on an investment over a specified period, expressed as a percentage increase over the initial investment cost. Gains on investments are considered to be any income received from the security plus realized capital gains.
Added 6/23/2013 11:02:43 AM
17,905,331 questions answered
Popular Conversations
3x+3/18x= User: 10x+3/=
Weegy: this is quite simple, if you read over the question a few times and learn the tendencies. One number is ten ...
10/20/2014 5:27:08 PM| 5 Answers
Unfortunately, my mom told me it was time for my annual check ...
Weegy: Unfortunately, my mom told me it was time for my annual check up. Annual means yearly. User: Choose the ...
10/20/2014 4:18:03 PM| 4 Answers
Which value for x makes the sentence true? 8x = 3x 30
Weegy: 8x - 20 = 3x + 5; 8x - 3x = 5 + 20; 5x = 25; x = 25/5; x = 5 User: 7x - 5 = 3x + 11 Weegy: 8x + 3 = 7x - ...
10/20/2014 7:11:38 AM| 2 Answers
Which value for x makes the sentence true? 8x = 3x + 20
Weegy: 8x - 20 = 3x + 5; 8x - 3x = 5 + 20; 5x = 25; x = 25/5; x = 5 User: Which value of x makes the following ...
10/20/2014 7:16:30 AM| 2 Answers
Which value of x makes the following equation true? 3(x - 3) = -2x ...
Weegy: 6(x - 2) = -2x + 28 6x - 2 = -2x + 28 6x - 12 = 28 + 2x 8x - 12 = 28 8x = 28 + 12 8x = 40 x = 40/8 x = ...
10/20/2014 7:18:42 AM| 2 Answers
After the auditorium filled up,we seated about fifty people on the ...
Weegy: After the auditorium filled up, we seated about fifty people on the stage. The sentence structure is: ...
10/20/2014 9:35:49 AM| 2 Answers
When particles are moving between two phases and no net change in the ...
Weegy: When particles are moving between two phases and no net change in the amount of either phase occurs, ...
10/20/2014 10:33:23 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2200 [Total 14575]| Ratings 0| Comments 2200| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1410 [Total 10891]| Ratings 3| Comments 1380| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 752 [Total 12981]| Ratings 0| Comments 752| Invitations 0|Offline
S
L
Points 482 [Total 1881]| Ratings 0| Comments 482| Invitations 0|Offline
S
1
L
L
Points 455 [Total 6249]| Ratings 3| Comments 425| Invitations 0|Offline
S
Points 426 [Total 426]| Ratings 0| Comments 396| Invitations 3|Offline
S
Points 335 [Total 336]| Ratings 3| Comments 305| Invitations 0|Offline
S
Points 197 [Total 197]| Ratings 1| Comments 187| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 27 [Total 27]| Ratings 0| Comments 27| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.