Examlex
When rookie officers are advised to forget all they have learned in the academy and conduct themselves by "the rules of the street," what process is taking place?
Limited Partnership
A business structure where one or more partners have limited liability and are not involved in the day-to-day management, juxtaposed with at least one general partner who has unlimited liability.
RULPA
The Revised Uniform Limited Partnership Act, which is a statute that governs limited partnerships in the states that have enacted it.
Limited Partnership Certificate
A document that formally establishes the existence of a limited partnership and outlines its structure and operating principles.
Capital Contribution
The sum of money or assets that the owners or shareholders provide to a company for its use in business operations.
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