Examlex
Departmentalization does all of the following EXCEPT:
Limited Partnership
A partnership consisting of at least one general partner, who manages the business and is personally liable for debts, and one or more limited partners, who contribute capital and have limited liabilities.
Partnership's Liabilities
The financial obligations or debts that a partnership entity is responsible for.
RULPA
An acronym for the Revised Uniform Limited Partnership Act, which governs the operation of limited partnerships in the United States.
Dissolution
The process of legally dissolving a corporation or formal organization, leading to the cessation of its operations and the distribution of its assets.
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