LAW 531 Week 1 DQ 2

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LAW 531 Week 1 DQ 2

Please discuss the key differences between a general partnership partnership versus a limited partnership using the following questions to help guide you.

1.     how are the entities formed (created)?

2.      who are the owners of the entities?

4.     what kind of liability exposure do the owners of the entities have?

5.     how are the entities/owners taxed?

6.     how are the entities dissolved according to statute?

7.     degree of formality in operating the entities?

8.     do the entities lend themselves to managerial control

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