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- What does a limited partnership need to do if it wants to continue operations after a general partner withdraws?how is a limited partnership transferred or sold and how the ownership interests would be handled?Suppose a partnership is set up and operated without a formal partnership agreement. What problems might arise? Explain
- You have been invited to become a member of a partnership. What are five of the considerations you need to assess in making a decision whether to join the partnership and whether to become a general or limited partner?Why would you choose Limited Liability Company as a business entity type ?What are the main differences between general partnership and limited partnership?
