What type of partnership is characterized by the limited liability of all partners?

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11-10-2021
Mathematics

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What type of partnership is characterized by the limited liability of all partners?

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francocanacari francocanacari · Answer 1 · 2021-10-22T21:38:00+02:00

The type of partnership that is characterized by the limited liability of all partners is the limited liability partnership.

A limited liability partnership has a statutory fund divided into shares, the size of which is determined by the statutory documents, and is liable for obligations only within the limits of its contribution.

The supreme governing body is the Board of Directors. When resolving issues at a meeting of participants, the number of votes is determined in proportion to the size of each participant's share in the statutory fund.

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EROlejar EROlejar · Answer 2 · 2022-03-08T04:45:20+01:00

Answer:

Here are ALL of the answers to this quick check.

Step-by-step explanation:

1. limited liability partnership

2. Riley and Layla will each pay personal income tax on the portion of earnings that is theirs.

3. Jonah signs a purchase agreement with a supplier while Jaycee agrees to hire a marketing firm to drum up business.

4. When Jonathan and his friend pool their resources, the business will likely grow faster than it otherwise would; however, Jonathan will lose some of the control over decision-making that he currently enjoys.

5. partners usually draw up legal papers called articles of partnership.

partners usually draw up legal papers called articles of partnership.

I just took this and got 5/5 hope this helps :)