Why do you think limited partners are prohibited

Assignment Help Business Law and Ethics

Reference no: EM133209133

Question - In general partnerships, every partner has the statutory right to participate in the management of the partnership.

a. Why do you think limited partners are prohibited in the management of the limited partnership in some states?

b. Why do you think some states have adopted statues that specifically provide that limited partners do not lose their limited liability status just because they participate in the limited partnership's management?

Reference no: EM133209133

Questions Cloud

What problem do you believe is the most pressing : What problem do you believe is the most pressing, and why would you address that problem first? How would you measure the results of your plan

Explain how you then used this to provide them with ways : Explain how you then used this to provide them with ways to make more responsible choices in the future. Include the nature of the behavior and how you implemen

What type of offence has mark committed : The inspector discovered that the information was false and served an offence notice charging Mark - What type of offence has Mark committed

Describe how you shared necessary information : Describe how you shared necessary information about a child with another educator to ensure all educators were able to use the information to make the child fee

Why do you think limited partners are prohibited : Why do you think limited partners are prohibited in the management of the limited partnership in some states

Explain organisational structure : Explain how organisational structure presented in the case study impacts organisational culture.

Explain what is meant by de-dollarisation : Explain what is meant by de-dollarisation and motivate why countries would adopt dedollarisation as mentioned in the article above

Diversity and multicultural management : How would you write an introduction to a paper on Johnson & Johnson and "Diversity and Multicultural Management"

Discuss corporate governance in a specific region : Do a comparative study on Corporate Governance in a specific region or country.

User Account

All Pages