Instructions
Explain the basic structure of a limited partnership and why would such a partnership be chosen in order to undertake a particular business activity ? AND
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What is the Role of General Partners and What is the Extent of their Liability in a Limited Partnership
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What is the role of general partners and what is the extent of their liability in a limited partnership? AND
What is the role of a limited partner and in what circumstances could a limited partner become a general partner?
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