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Q: 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.
A: 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.
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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|

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Asked 6/23/2013 8:46:29 AM
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