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- What types of bases for dividing partnership net income or net loss are available?Which one of the following would not be considered in the development of a partnership agreement? A. profit and loss levels B. processing disputes C. stock options D. asset contributionsCompare and contrast the benefits and detriment of being a general partner versus a limited partner of a limited partnership?
- the benefits and detriments of being a general partner versus a limited partner of a limited partnership.Explain the difference between a general partner and a limited partner?1. What are the legal similarities and differences of a Limited Partnership and a General Partnership? Use an example to compare rights and liability of a limited partner with that of a general partner.
- Explain the difference between the admission of a new partner to a partnership (a) by purchase of an interest from another partner and (b) by contribution of assets to the partnership.What decreases a partner's interest in a partnership?The following are rights of a partner in a partnership, except one: Right to compensation Right to information Right to return of capital Right to agency
- What increases a partner's interest in a partnership?Define the difference between a proprietorship and a partnership. What are the advantages and disadvantages of a proprietorship and a partnership? (PLEASE DONT PROVIDE PICTURES FOR ANSWER THANK YOU)partnership Discuss the nature of partnership? How partnership differs from single proprietorship? How limited and general partners differ from each other?
