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A Relatively New Form of Business Organization That Protects Partners

question 12

Short Answer

A relatively new form of business organization that protects partners with limited liability, allows limited partners to assume an active management role, and is taxed as a partnership is a __________.


Definitions:

Centi-

A prefix denoting a factor of one hundredth (1/100) in the metric system.

One Hundredth

A fractional unit that is one part of a hundred, commonly expressed as 1/100.

Hydro-

A prefix indicating relation to water.

Hydrotherapy

The use of water in the treatment of different conditions, including arthritis and related rheumatic complaints.

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