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20 January, 07:24

Which business is the best example of a limited partnership?

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  1. 20 January, 07:48
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    Audit or Law Firms

    Explanation

    Limited Partnership is when the business is an incorporated business and that his or her personal assets would not be at risk if the company goes into liquidity. Audit and Law firms are based on this model, such that the firm is an entity in itself and that the partners in the firm are not liable from their personal assets.
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