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- Is there a difference with respect to share of each partner if one is a capitalist partner as opposed to an industrial partner?How should losses in a partnership be divided between the capitalist partners? The ranking should be: a. agreement-profit and loss -capital b. capital-agreement-profit and loss ratio c. agreement-profit ratio-capital d. profit and loss-capital-agreement."All Limited partners are Capitalist partners but not all Capitalist partners are Limited partners. All Industrialist partners are General partners but not all General Partners are Industrialist partners." Explain the phrase and give an insight about it
- What are the rights of the limited partner as to the contribution of profits? Article 1856.Partnership is the economic relationship between two are more persons: a. Who have agreed to share profit b. Who have agreed to pay tax c. Who have agreed to share goodwill d. Who have agreed to share commissionExplain the advantages and disadvantages of the partnership versus the corporate form of business.
- As regards capitalist partners, the prohibition may extend to operation which is ofWhich form of business organization is characterized by having the shortest start-up time and lowest legal costs? Select one: a. partnership b. S-corporation c. proprietorship d. corporationAny assets invested by a particular partner in a partnership ________. A. do not become a partnership asset but instead remain with the partner B. can be used only by the investing partner C. become the property of all the partners D. are the basis for all profit sharing