business Structure Flashcards
1
Q
protection of partners in LLP’s
A
protected from tort liabilities and breach of contract unless they personally did
2
Q
assignment in partnership
A
only economic interest can be asssigned-not liabilities
3
Q
dissolution of partnership
A
liability not discharged and apparent authority continues
4
Q
s corporation
A
no corporate shareholder
5
Q
stock divs
A
not distribution
