What Are the Advantages of a Firm Being Formed as a Limited

question 90

Essay

What are the advantages of a firm being formed as a limited liability company (LLC)instead of as a limited partnership?

---

Definitions:

Private Property

A legal designation for the ownership of property by non-governmental legal entities.

Gender Equality

The state in which access to rights or opportunities is unaffected by gender, promoting fairness among genders.

Marxist

Pertaining to the theories and practices derived from the work of Karl Marx, often focusing on class struggle and the critique of capitalism.

Strange Situation

A procedure developed in psychology to assess patterns of attachment in young children to their caregivers.