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2 years ago

Which of the following governs a limited partnership, its internal affairs, and the liability its limited partners

Business

1 answer:

Fudgin [204]2 years ago

6 0

The correct option is : <u>the </u><u>law </u><u>of the state in which it is </u><u>organized.</u>

<h3>What is limited partnership?</h3>

Limited partnership (LP) is a type of partnership organization that limits the personal liability of some partners. In general partnerships, every partner remains personally liable for the debts and obligations of the partnership.

A limited partnership (LP)—not to be confused with a limited liability partnership (LLP)—is a partnership made up of two or more partners. The general partner oversees and runs the business while limited partners do not partake in managing the business. However, the general partner of a limited partnership has unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment.

There are three forms of partnerships:

Limited partnership.
General partnership.
Limited liability partnership.

Therefore, we can conclude that the correct option is D.

Your question is incomplete, but most probably your full question was:

Which of the following governs a limited partnership, its internal affairs, and the liability its limited partners?

A. the federal government

B. all states in which the business operates

C. the articles of limited partnership

D. the law of the state in which it is organized

Learn more about Limited liability partnership on:

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3 years ago

Why is it important for managers to pay close attention to their organization’s production system if they wish to be responsive

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The production system consists of all integrated activities and operations for the production of goods and services.

Organizational capacity is measured by the set of effective actions of coordination and control of the production system. Therefore, active management of systems monitoring will determine key factors for better meeting consumer demands and needs through continuous improvement in the quality of manufacturing processes, innovations, reduction of waste and unnecessary spending, which enables greater transfer to the customer a product with quality and low cost and represents for the organization gains of competitive and strategic advantages.

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3 years ago

The United States, the European Union, and Australia imposed various trade sanctions on _____ because of that country's annexati

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Answer:

Russia

Explanation:

Trade sanctions are usually imposed on countries by others mainly as a result of illegal occupation of other terrritories or due to various humanitarian violations. Russia intervened through its military in the affairs of East Ukraine in what has been termed as the Russo-Ukrainian war. This actions were throgh a number of military actions from February 2014 till date and this affected the annexing of the Crimean peninsula, as well as the Donbas area of East Ukrain.

The trade sanctions imposed is to force Russia to reconsider its position and stop the military interventions .

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3 years ago

Item 1Item 1 Thomas invests $109 in an account that pays 6 percent simple interest. How much money will Thomas have at the end o

olga nikolaevna [1]

Answer:

Total amount at the end of 4 years = $135.16

Explanation:

A simple interest account pays interest on only the sum deposited at an annual rate for a specified period of time without compounding or adding the interest earned in a particular period in the calculation of interest earning for the next period. Thus, if 1000 is invested and interest s earned at 10% then the interest earned will remain constant for every period the money is still deposited in the account.

The formula to calculate interest under simple interest method is,

Interest = Principal * Annual Rate * Time in years

Total Interest earned = 109 * 6% * 4

Total interest earned = 26.16

Total amount at the end of 4 years = Principal + Interest

Total amount at the end of 4 years = 109 + 26.16

Total amount at the end of 4 years = $135.16

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4 years ago