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Realtor Level 2 Key Terms Real Property Ownership > Chpt 3: Ownership As A Business > Flashcards

Chpt 3: Ownership As A Business Flashcards

1
Q

Limited Partnership

A

Business entity composed of both general & limited partners. General partners manage business, limited partners are passive investors

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2
Q

Sole proprietorship

A

Ownership of business by lone individual

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3
Q

General partnership

A

Business entity in which all co-owners actively share power, responsibilities, & profit

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Realtor Level 2 Key Terms Real Property Ownership (5 decks)

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