Buy custom Utah Business Entity Regulations
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 881 |
Essay's paper body
It is a business made up of one or more general partners and one or more limited partners. The general partners manage the business and are 100% liable for the business debts. Limited partners share in the profits of the business, but their risk is limited to the extent of their investment. These limited partners are typically not involved in the day-to-day operations of the business...
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Limited partners share in the profits of the business, but their risk is limited to the extent of their investment. These limited partners are typically not involved in the day-to-day operations of the business. When creating a Limited Partnership in Utah, the general partners must file a "Certificate of Limited Partnership" with the Utah Division of Corporations and Commercial Code...
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