BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

Solutions

Chapter
Section
BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
63 views

Name and describe three different forms of business organization.

To determine

Concept Introduction:

Forms of business organization: A business can be started in any form of business organization. The form of business organization can be a sole proprietorship, a general partnership, a limited partnership, a limited liability partnership, S corporation, a corporation or a limited liability company.

To describe:

Three different form of business organization.

Explanation

Three different form of business organization are explained as follows:

  • Partnership: Limited partnership is the form of partnership having more than one owner. It is a type of partnership under which a partner has unlimited liability and other partners have limited liabilities. It limits the liability of a limited partner to the extent of his capital contribution or a specified amount. The partner with limited liability shall not be liable for any contribution over and above the limit...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

What are the two main causes of market failure? Give an example of each.

Principles of Microeconomics (MindTap Course List)

Work is calculated by multiplying by.

Automotive Technology: A Systems Approach (MindTap Course List)

VocabularyState the meaning of the following terms: Diode _____ LED _____ HVAC _____

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

What type of fixed gage can be used to check hole diameters?

Precision Machining Technology (MindTap Course List)

5. Describe a data dictionary and list the types of information it contains.

Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)

What do the letters UL signify?

EBK ELECTRICAL WIRING RESIDENTIAL

What are the five categories recognized as integral literacy components? (561)

Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)