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THIS IS FOR ECONOMICS PLEASE HELP ILL GIVE BRAINLIEST
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Compare general, limited, and limited liability partnerships. Formulate reasons as to why a group of prospective partners might choose each.

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nooris0663

Answer:

In a limited liability partnership, each partner's risk of losing personal assets is limited to the share capital he has invested. The limited liability partner is not liable for other partners deeds and losses incurred due to their negligence. His liability is limited to the share capital / equity he has invested in the business.

Explanation:

pls mark brainliest

jayilych4real

The best comparison between general, limited, and limited liability partnerships is:

  • In a limited liability partnership, each partner has a limited risk of losing their personal assets and the partners are not liable to any losses incurred.

What is a Business Partnership?}

This refers to the relationship between two or more people who have vested interests in a company based on their investment with the aim of making profit after a period of time.

With this in mind, we can see that Limited Liability partnership, is the one which is very common among investors as there is a shared risk among them.

Read more about limited liability partnerships here:

https://brainly.com/question/25012970

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