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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Why might an investor choose to become a partner in a limited partnership instead of purchasing the stock of an open corporation?

Summary Introduction

To determine: The reasons on which an investor choose to become a partner in a limited partnership instead of purchasing an open corporation’s stock.

Introduction: A partnership is a type of business where at least two individuals share proprietorship and the duty regarding dealing with the organization and the salary or losses that are produced in the business.

Explanation

The reasons on which an investor chooses to become a partner in a limited partnership instead of purchasing an open corporation’s stock are as follows:

A chance to buy a position as a limited partner may manage the cost of an investor is a mor...

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