In a limited partnership:
The inactive partner has limited liability for the business's debts
Explanation:
In a general partnership all partners share equal financial responsibility for the firm's decisions.
This means that all partners are supposed to have equal liabilities but hat is not the case for limited ones.
In limited partnerships there is a general partner who owns most of the business and has most of the availability and the limited partner has pooled resources for the business but has very little personal responsibility to it.
This model is usually there when the firm needs some investors and the person running business is usually the owner only.

<h2><u>arise when there are disagreements over their goals, methods or needs of the team. </u></h2>
- <u>So </u><u>w</u><u>hen </u><u>the </u><u>conflicts </u><u>are </u><u>in </u><u>between </u><u>the </u><u>team </u><u>members </u><u>they</u><u> arise, addressing these disagreements and coming to a mutual </u><u>understanding </u><u>it </u><u> allows everyone to collaborate harmoniously and productively.</u>
<h2><u>hope</u><u> it</u><u> helps</u></h2>
To solve for the semimonthly payments on Max's insurance cost:
Annual insurance rate: $11,700
Employer pays 60%
What is Max's amount to pay?
(11,700)(.60) = $7,020
Max's employer pays $7,020
Max pays $4,680 (11,700-7,020)
If Max pay's $4,680 a year and we want to know but he pays semimonthly, or twice a month then we need to divide his annual payment by 24 since there are 12 months and he pays twice a month.
($4,680/24)= $195
Max pays $195 semimonthly for his insurance.
Answer:
The current bid/ask spread for Berkshire Hathaway Class A shares is $935
Explanation:
The computation of the current bid/ask price is shown below:
The Current bid/ask price = Ask price - Bid price
= $263,810 - $262,875
= $935
The commission amount should be ignored in the computation part. Hence, it will not be considered as it is not relevant.