Asked by Mardaysha Williams on May 14, 2024
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A limited partnership is a legal entity formed by issuing stock to investors,who are the owners of the limited partnership.
Limited Partnership
A business partnership where at least one partner has unlimited liability and one or more partners have limited liability, only responsible for the money they have invested.
Legal Entity
An organization or structure that is recognized by law as having rights and responsibilities, such as a corporation, partnership, or trust.
Stock
Shares of ownership in a company, representing a claim on the company's assets and earnings.
- Delve into the basic classifications of business ownership and understand their specific characteristics.
- Differentiate between types of partnerships and their specific features.
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Learning Objectives
- Delve into the basic classifications of business ownership and understand their specific characteristics.
- Differentiate between types of partnerships and their specific features.
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