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Mara plans to open a shop specializing in foods and cultural items from the Middle East. She wants to be the firm’s only general partner, but she is trying to get several friends to participate as
limited partners. Apparently Mara wants to: a. limit her personal liability to the amount she personally invests in the company. b. Be the only person allowed to share in the firm’s profits. c. Obtain a strong financial base for the firm while maintaining personal control over the firm’s management. d. Meet the legal requirements of the Uniform Partnership Act.
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ANGEEELICA|Points 901|
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Asked 2/2/2011 7:04:27 AM
Updated 2/2/2011 7:30:50 AM
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Apparently Mara wants to: c. Obtain a strong financial base for the firm while maintaining personal control over the firm’s management.
Added 2/2/2011 7:30:50 AM
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Mara plans to open a shop specializing in foods and cultural items from the Middle East. She wants to be the firm’s only general partner, but she is trying to get several friends to participate as limited partners. Apparently Mara wants to: limit her personal liability to the amount she personally invests in the company.
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