What is the main difference between organizing a real estate venture as a corporation versus a general partnership? How does a limited partnership have some of the characteristics of both?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 3PA: When a partnership is liquidated, any gains or losses realized by the sale of noncash assets are...
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What is the main difference between organizing a real estate venture as a
corporation versus a general partnership? How does a limited partnership have
some of the characteristics of both?
Transcribed Image Text:What is the main difference between organizing a real estate venture as a corporation versus a general partnership? How does a limited partnership have some of the characteristics of both?
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