Limited partnership and limited liability partnership

Assignment Help Accounting Basics

Reference no: EM13142162

Partnerships have various advantages over corporations. However, one of the major disadvantages for a partnership versus corporations is the liability issue. Does the addition a of limited partnership (LP) and limited liability partnership (LLP) increase or decrease the advantages or remove the disadvantage?

Reference no: EM13142162

Questions Cloud

What could be the possible physiological cause : A young woman distance runner has recently not been performing well and has complained of feeling lethargic and sluggish. You perform a graded exercise test to VO2max including blood samples to attempt to determine possible cause.

What is the probability that both voters are republicans : Democrat and Republican, if two voters are randomly selected for a telephone survey, what is the probability that they are both Republicans?

Define operation of a modern telephone handset : Operation of a modern telephone handset, In a modern telephone handset, the microphone uses a piezo-electric crystal and the earpiece is a miniature loud speaker using a moving coil and a permanent magnet.

Problem on straight line method of depreciation : Abbey Ltd purchased machinery on 1 October 2010 for $80 000. The estimated useful life of the machinery is 5 years, with an estimated residual of $5000. The entity's balance date is 30 June, and it uses the straight line method of depreciation. On..

Limited partnership and limited liability partnership : Partnerships have various advantages over corporations. However, one of the major disadvantages for a partnership versus corporations is the liability issue. Does the addition a of limited partnership (LP) and limited liability partnership (LLP) i..

Review the bill of rights : Please take a moment to review the Bill of Rights. You are then required to outline the protections that are afforded to the citizens by the Fourth, Fifth, Sixth, Eight, and Fourteenth Amendments.

Explain materials properties : Materials Properties, Consider the following three engineering materials: (i) low-carbon steel; (ii) alumina; (iii) glass-fiber reinforced polymer.

Find maximum likelihood estimate for probability of success : If the number of trials during each experiment is 12, determine the maximum likelihood estimate for the probability of success, p.

What is hydrophobic interaction chromatography : what is Hydrophobic interaction chromatography? and how do high salt, medium salts, and no salt buffers paly a role in the purification of GFP? I know that no salt brings polar amino acids to the surface of GFP and nopolar amino acids move inside ..

User Account

All Pages