Examlex
The fourth step in Sampson's seven-step CACG implementation program is:
Limited Partnership
A business partnership where some owners contribute capital and enjoy profits without participating in day-to-day management, limiting their liabilities.
General Partner
A member of a partnership who has unlimited liability for the debts of the business and actively participates in its management.
Partnership's Checkbook
A financial tool used by a partnership for handling and recording transactions.
Special Charters
Legal documents granted by a government or other authority establishing a corporation or other entity and defining its rights and privileges.
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