To download the PowerPoints slides and practice quizzes, visit: https://farhatlectures.pathwright.com/
Follow me on:
Instagram: @farhatlectures
Linkedin: https://www.linkedin.com/in/professor...
Facebook: @accountinglectures
Twitter:@farhatlectures
Email: [email protected]
Describe the characteristics of a general partnership, a limited partnership, and a joint venture. In a general partnership, the partners can bind the partnership into contracts, and the part- nership interest is similar to a personal asset that can be sold. General partners are personally liable for the debts of the part- nership, while a limited partner is only liable for the amount invested in the partnership. A joint venture occurs when two or more parties (agents) enter into an arrangement to pursue a specific purpose.
My website: https://farhatlectures.com/
Facebook page: https://www.facebook.com/accountinglectures
LinkedIn: https://goo.gl/Pp2ter
Twitter: https://twitter.com/farhatlectures
Email Contact: [email protected]