Examlex
Why is it important to have columns on the payroll register title "Earnings subject to Federal Withholding" and
"Earnings subject to FICA"?
Limited Partnership
A business structure where at least one partner has unlimited liability and other partners have liability limited to the amount of their investment.
Limited Liability Partnership
A partnership in which some or all partners have limited liabilities, protecting them from the debts of the partnership beyond their investment.
General Partner
A type of owner in a partnership who has unlimited liability and is actively involved in the management of the business.
Entrepreneur
An individual who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
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