The Internet Is Increasingly Blurring the Boundaries Between Primary and Secondary

question 57

True/False

The Internet is increasingly blurring the boundaries between primary and secondary groups.

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Definitions:

General Partner

A member of a partnership who has full liability for the debts of the partnership and participates in its management.

Limited Partnership

A partnership structure where at least one partner has limited liability for the debts and obligations of the business, while at least one other bears unlimited liability.

LLC

A Limited Liability Company; a hybrid business structure that combines the personal asset protection of a corporation with the tax benefits of a partnership.

Distributions

The payment of assets from a fund or account to its shareholders or partners, such as dividends from a corporation or distributions from a partnership or LLC.