How exactly a limited partner can lose the limited partner

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Reference no: EM133557383

Questions:

1. How exactly a limited partner can lose the limited partner status and become a general partner with unlimited liability? Can you think of any relevant case law?

2. What are the major differences between a limited partnership and a limited liability partnership?

3. Directors owe a fiduciary duty to the corporation. Explain.

4. How do courts differentiate between an employee and an independent contractor?

 

Reference no: EM133557383

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