business Structure

Question 1

protection of partners in LLP’s

Answer 1

protected from tort liabilities and breach of contract unless they personally did

Question 2

assignment in partnership

Answer 2

only economic interest can be asssigned-not liabilities

Question 3

dissolution of partnership

Answer 3

liability not discharged and apparent authority continues

Question 4

s corporation

Answer 4

no corporate shareholder

Question 5

stock divs

Answer 5

not distribution