2. Title Page
Objectives
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Activity
General Partnership- Each general
partner takes part in the management of
the business, and also takes
responsibility for the liabilities of the
business. If one partner is sued, all
partners are held liable. General
partnerships are the least desirable for
this reason.
Conclusion
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3. Title Page
Objectives
Content
Activity
Conclusion
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Limited Partnership- A limited
partnership includes both general
partners and limited partners. A limited
partner does not participate in the day-today management of the partnership and
his/her liability is limited. In many cases,
the limited partners are merely investors
who do not with to participate in the
partnership other than to provide an
investment and to receive a share of the
profits.
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4. Title Page
Objectives
Content
Limited Liability Partnership- A limited
liability partnership (LLP) is different
from a limited partnership or a general
partnership, but is closer to a
limited liability company (LLC). In the
LLP, all partners have limited liability.
Activity
Conclusion
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6. Title Page
List 2 advantages of partnership?
Objectives
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Activity
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7. Title Page
List 2 disadvantages of partnership?
Objectives
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8. Title Page
Objectives
Content
How many person can form a partnership?
A. 1
B. None
C. 2 or more
D.All of the above
Activity
Conclusion
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10. Title Page
Objectives
In conclusion partnership is the
relationship existing between two or more
persons who join to carry on a trade or
business and can be easily establish.
Content
Activity
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