There Are at Least Three Types of Partnerships That Limit

question 63

Short Answer

There are at least three types of partnerships that limit the partners' liability. They are 1)________, 2) ________, and 3)________.

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Definitions:

Corporate Foundation

A private foundation created and funded by a corporation to support charitable activities and programs aligned with the company’s social responsibility goals.

Bequests

The act of giving assets, such as money, property, or personal belongings, to others through a will.

Tax Efficacy

The effectiveness of a tax system or policy in achieving its intended financial or economic objectives while minimizing negative impacts on taxpayers.

Strategic Philanthropy

A form of philanthropy where donors seek to achieve the greatest possible impact through their charitable activities by using data, research, and careful planning to address systemic issues.