partnership Flashcards

1
Q

how many partners can you have?

A

2-20

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

name one advantage

A

more capital is invested

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

name a disadvantage

A

unlimited liability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

what does llp mean?

A

a limited liability partnership

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

what does ltd mean?

A

private limited company

How well did you know this?
1
Not at all
2
3
4
5
Perfectly