Type of partnerships, Finance Basics

Assignment Help:

Type of Partnerships

There are two main kinds of partnerships. Namely:

Ordinary Partnership - An ordinary partnership is one in which all members have unlimited liability. That is, they are all answerable to all the debts of the firm up to the extent of sale of their personal property.

Limited Partnerships - A limited partnership is one in which the liability of members is restricted to the amount of capital they have invested in the business. In such a partnership, however there must be at least one partner whose liability is unlimited. Limited partners do not participate in the management of the firm. A limited partnership must also register with the registrar of companies. In that case a partnership deed or article of partnership must be drawn up. 

 

 


Related Discussions:- Type of partnerships

Time value of money, One of the projects the US loan would fund is to build...

One of the projects the US loan would fund is to build earthquake-resistant buildings. The project will begin in March 2013, last for two years and is expected to have the followin

investors are risk neutral, At t = 0, a 3-year, 7% coupon corporate bond w...

At t = 0, a 3-year, 7% coupon corporate bond with face value $1,000 is trading at a credit spread of 15%. The risk free rate is constant and equal to 4% for all maturities. The rec

Assiogment, Ask question #MinimQuestion You are the financial accountant ...

Ask question #MinimQuestion You are the financial accountant of Donald Bhd, a manufacturer and wholesaler of soft drinks. Donald Bhd is in direct competition with Fizz Bhd and Po

Mony and finance, mony is differnt from wealth and income

mony is differnt from wealth and income

Product mix, what are the qualitative factors to be considered when decidin...

what are the qualitative factors to be considered when deciding on product mix

Type of partnerships, Type of Partnerships There are two main kinds of ...

Type of Partnerships There are two main kinds of partnerships. Namely: Ordinary Partnership - An ordinary partnership is one in which all members have unlimited liability.

List three career opportunities in the field of finance, List and describe ...

List and describe the three career opportunities in the field of finance. Finance has three major career paths that are financial management, financial markets and institutions

Fixed Exchange vs Flexible Exchange Rate, Critize the flexible exchange rat...

Critize the flexible exchange rate regime from the viewpoint of the proponents of the fixed exchange rate regime

Baumol's model - optimal cash balance, Baumol's Model - Optimal Cash Balanc...

Baumol's Model - Optimal Cash Balance An application of the EOQ is the Baumol's model which is inventory model to cash management. Its statements are as: The firm emplo

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd