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5. how are the entities dissolved according to statute?<br />
6. degree of formality in operating the entities?<br />
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<strong>LAW</strong> <strong>531</strong> Week 1 DQ 2<br />
<strong>LAW</strong> <strong>531</strong> Week 1 DQ 2<br />
Please discuss the key differences between a general partnership partnership versus<br />
a limited partnership using the following questions to help guide you.<br />
1. how are the entities formed (created)?<br />
2. who are the owners of the entities?<br />
4. what kind of liability exposure do the owners of the entities have?<br />
5. how are the entities/owners taxed?<br />
6. how are the entities dissolved according to statute?<br />
7. degree of formality in operating the entities?<br />
8. do the entities lend themselves to managerial control<br />
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