Draw a Chart Comparing the Formation,liability,taxation,and Management of Partnerships,limited Partnerships,corporations,and

question 59

Essay

Draw a chart comparing the formation,liability,taxation,and management of partnerships,limited partnerships,corporations,and limited liability companies.

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Definitions:

Circuits

Refers to the divisions under the U.S. Federal Courts system where the United States is divided into regional circuits, each with its own Court of Appeals, to handle appeals from the district courts within its circuit.

Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional or federal statutory law.

Justices

Justices refer to judges of the highest court in a country, such as the Supreme Court in the United States, responsible for interpreting the law and constitution in legal cases.

Democratic Presidents

Presidents of the United States who are members of the Democratic Party, one of the two major contemporary political parties in the country.