Limited partnership with the parents being limited partners

Assignment Help Operation Management

Reference no: EM131808220

Shawn and Jasmine want to start a partnership to sell hand woven sweaters. Jasmine's parents would like to invest, but they do not wish to be subject to liability for losses in excess of their capital contribution. Jasmine's mother tells Shawn and Jasmine that if she invests, she expects to have a significant say in the management of the business. Should Shawn, Jasmine, and Jasmine's parents enter into a limited partnership with the parents being limited partners, and why or why not? Would a limited liability company be a good option, and why or why not?

Reference no: EM131808220

Questions Cloud

Demonstrates how nosql technologies : demonstrates how NoSQL technologies are used to solve a difficult analytical problem that traditional SQL databases could not.

Earliest start and finish and slack for each task : Identify the critical path, earliest start and finish and slack for each task.

How the organization structure-culture-management systems : Propose how the organization’s structure, culture, management systems, and decision-making processes relate to one another.

Advantages and disadvantages of cost leadership : List the advantages and disadvantages of cost leadership.

Limited partnership with the parents being limited partners : Jasmine's parents enter into a limited partnership with the parents being limited partners, and why or why not?

Level of importance of various aspects of culture : It is a responsibility of the global firm to ascertain the level of importance of various aspects of culture.

Explain why some markets are developing faster than others : Market size, location, and openness to trade can help explain why some markets are developing faster than others.

Biggest professional or personal achievement : What’s most important to you in a new position/job/career? What has been your biggest professional or personal achievement?

Write a demonstrative speech : Write a demonstrative speech and an outline in APA format.

User Account

All Pages