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Exam (elaborations)
Chapter 1 Introduction to Corporate Prime Intuition.
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---2March 20242023/2024A
- 2 Types of Partnership 
1. General 
2. Limited 
General Partnership 
each partner is fully responsible for liabilities 
Limited Partnership 
- one or more partners have limited liability 
- limited partners do not participate in the management 
- limited partners are merely investors 
one general partner must exist 
Advantage of General Partnership
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