This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the advantages of being in a limited partnership rather than a general partnership. What ... (Read 33 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
on: Jul 26, 2018
Explain the advantages of being in a limited partnership rather than a general partnership.
 
  What will be an ideal response?

Question 2

Explain what agency is and how agents are used in the engineering and construction industry.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jxjsniuniu

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 26, 2018
Answer to Question 1

The advantages of being a limited partnership rather than a general partnership are that in a limited partnership there is at least one general partner and one or multiple limited partners that mainly contribute cash or property but they do not influence how a firm is managed by the general partner(s). The limited partners are protected from liability but they still share in the profits of a firm.

Answer to Question 2

Agency is a fiduciary relationship between a principle and a person who will represent the principle and their interests. In the engineering and construction industry, agents are used by principles to manage projects and to make decisions on the behalf of owners.


cookcarl

  • Member
  • Posts: 539
Reply 2 on: Jul 26, 2018
YES! Correct, THANKS for helping me on my review

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

General structure of an animal cell General structure of an animal cell
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont. Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont.
Needle-nose pliers are used where there is limited access to a wire or pin that needs to be ... Needle-nose pliers are used where there is limited access to a wire or pin that needs to be ...
A symbol showing an engine with an arrow pointing down is used on some General Motors vehicles to ... A symbol showing an engine with an arrow pointing down is used on some General Motors vehicles to ...
General Features of Connective Tissue General Features of Connective Tissue
Social scientists have not done well at devising theories to explain lovely romantic moments Social scientists have not done well at devising theories to explain lovely romantic moments
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library