Examlex
List three reasons for requiring moral blameworthiness.
General Partner
An owner of a partnership who is responsible for its management and is personally liable for its debts.
Limited Partner
An investor in a partnership who is not involved in day-to-day management and whose liability is limited to the amount invested.
Uniform Partnership Act
A statute that sets standard rules for the formation and operation of partnerships in the United States to ensure consistency and fairness.
Limited Liability Companies
A commercial entity that unites the individual or partnership tax pass-through with the corporation's benefit of limited liability.
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