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How is it possible for a strength to become a weakness? How does IBM illustrate that possibility?
Limited Partnership
A partnership structure where some partners are liable only to the extent of their investment while at least one partner has unlimited liability.
Uniform Partnership Act
A set of laws adopted by many states to regulate the operations of partnerships and the relationships between partners.
State Regulated Partnership Act
Legislation that governs the formation, operation, and dissolution of partnerships within a specific state, including rules on liability, ownership, and management.
Federal Partnership Act
A general reference to legislation that governs the formation, operation, and dissolution of partnerships in the United States, although the specific laws can vary by state.
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