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As You Browse Through the Links That Could Be Useful

question 68

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As you browse through the links that could be useful for your research, you will need to the websites you visit, by marking a site as a "Favorite" (Explorer) or adding it as a "Bookmark" (Firefox or Safari) , both of which are the electronic substitute for keeping a book on your desk.


Definitions:

Limited Partnership

A partnership structure where at least one partner has unlimited liability (general partner) and one or more partners have limited liability (limited partners), restricting their losses to their investment in the partnership.

Limited Liability Partnership

A business structure where partners have limited liabilities, protecting personal assets from the debts of the business.

Sole Proprietorship

A sole proprietorship is a business owned and operated by a single individual, where there is no legal separation between the owner and the business entity.

Limited Partnership

A form of partnership consisting of one or more general partners who manage the business and assume legal debts and obligations, and one or more limited partners who are liable only up to the amount they invest.

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