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Irina18 [472]
3 years ago
5

is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a

limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.
Business
1 answer:
aleksandrvk [35]3 years ago
5 0

Answer:

is personally responsible for all partnership debts

Explanation:

COMPLETE QUESTION

A general partner:

is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.

EXPLANATION

A general partner can be regarded as a person that joins with another person or join with more than one other person to form a business. A general partner is responsible for the actions that is been taken in the business, He or she is liable personally for all the debts as well as obligations in the business and can bind the business legally. It should be noted that A general partner is personally responsible for all partnership debts.

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Marketing strategy of strepsils company
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Answer:

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5 0
3 years ago
I need to know, which type of LLC/Corp I need to form, to trade stocks..
Eduardwww [97]
In order to publicly trade stocks, you must form a Public Corporation.
All of the assets in the LLC is structured to belong only to a certain number of selective owners.
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6 0
3 years ago
To maximize economic surplus, keep increasing output as long as
finlep [7]

Answer:Therefore, total surplus is maximized when the price equals the market equilibrium price. In competitive markets, only the most efficient producers will be able to produce a product for less than the market price. Hence, only those sellers will produce a product

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7 0
3 years ago
If a donut shop sells a dozen donuts for $6.00, what would the cost of 9 donuts be at the same rate?
larisa86 [58]
To solve this question, first we need to find out the price of a single donut.

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3 years ago
The transactions demand for money sometimes directly and sometimes inversely with nominal Gross Domestic Product (GDP). varies i
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The reverse holds true signifying indeed that Transactions Demand for money varies with Nominal GDP.

5 0
3 years ago
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