Major league baseball team would prefer limited partnership

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If I told you that the Yankee are structured as a Limited Partnership, with Derek Dwight (the principal owner) and two of his associates as General Partners (total of 3), and up to 25 Limited Partners who have contributed a minimum of $1M each….. please explain why you think a major league baseball team would prefer a Limited Partnership compare to other forms of business such as a Partnership, Sole Proprietorship, OR Corporation?

Reference no: EM131479764

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