By what methods can a new partner gain admittance into a partnership?

Compare and contrast the two types of partnership.

What form of partnership allows some of the investors to limit their liability?

The following are rights of a partner in a partnership, except one:   Right to compensation Right to information Right to return of capital Right to agency

How does the risk associated with investment in a partnership differ for the general partner versus a limited partner?

List the instances when a partnership is terminated.

Which of the following best describes the articles of partnership agreement? Multiple Choice The articles of partnership are a legal covenant that may be expressed orally or in writing, and forms the central governance for a partnership's operations. The articles of partnership are an agreement that limits partners' liability to partnership assets. The articles of partnership are a legal covenant and must be expressed in writing to be valid. The purpose of the partnership and partners' rights and responsibilities are required elements of the articles of partnership.

What increases a partner's interest in a partnership?

The characteristic of a partnership where a partner is an agent for other partners and the partnership when transacting partnership business is: a. a fiduciary relationship b. tenancy in partnership c. mutual agency d. the proprietary theory

One of the final steps in terminating a partnership is the distribution of remaining assets to the partners after all obligations have been met. What is the basis for distributing any remaining assets/cash among the partners? How would loans from partners affect the distribution of partnership assets?