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Explain What Must Be Done to Create a Limited Partnership

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Explain what must be done to create a limited partnership.


Definitions:

Manager Decides

A process where leaders or supervisors make determinations or resolutions on behalf of a team or organization, guiding actions and strategies.

Personal Power

The influence or authority one possesses as a result of personal attributes or qualities, independent of formal positions.

Legitimate

A term that refers to something that is lawful, sensible, and justified within a given set of rules or societal norms.

Referent

An entity or aspect that forms the basis for comparison, identification, or referencing in communication or thought processes.

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