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professor190 [17]
2 years ago
10

Thom Georges wants to open a store where he sells nothing but antique architectural features that he can salvage from old houses

being torn down to make way for progress. He has an eye for the kind of doors, windows, mantels, and so forth that decorators want, but he does not have all the funding he needs to get started. He has invited his parents to invest $40,000 in the enterprise. He has told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment. Georges is trying to get them to form a _____ with him.
Business
1 answer:
MrRissso [65]2 years ago
8 0

Answer: limited partnership

Explanation:

A limited partnership simply means a form of partnership whereby some of the partners only contribute financially nd thus will be liable and only to the extent of the amount that they contribute to the partnership m.

In case the company goes into bankruptcy, their personal assets and properties won't be affected. Since Thom invited his parents to invest $40,000 in the enterprise and told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment, then this is a limited partnership.

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Mill Co.’s allowance for credit losses was $100,000 at the end of Year 2 and $90,000 at the end of Year 1. For the year ended De
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3 years ago
A bank loaned out ​$19 comma 00019,000​, part of it at the rate of 7 %7% per year and the rest at 15 %15% per year. If the inter
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