(Business Law)...Since many people refer to general partnerships usually as “partnerships” rather than as “general partnerships”...

(Business Law)...Since many people refer to general partnerships usually as “partnerships” rather than as “general partnerships” should the legal name be changed and that anyone forming a general partnership should be required to use the full name “general partnership’? Discuss your opinion of this and support your opinion with some research.

Expert Solution

First of all you have to know that what is partnership . A Partnership is a agreement between two or more persons when they are ready to share any thing. It is also said as a business having a more than one owner that has not filed the paper to become a corporation.

The Partnership are of two types :-

1. General Partnerships

2. Limited Partnerships

A General partnership is a common partnership which is very less expensive and also it is very simple co owned structure of business to maintain or we say create. In the general partnerships a business is in hand of the every partners , All the partners are managing the business. And if anyone forming a general partnership does not required to use the full name " General Partnerships ".And one condition is that is the business name does not contain all the names of the partners then the entity must usually register that name which can be termed as Fictitious name

jeff jeffy answered 3 years ago

Backstory: General Electric Co. decided sustainability was a business opportunity rather than a cost and pushed...

Backstory: General Electric Co. decided sustainability was a business opportunity rather than a cost and pushed into the field in 2005 with its new initiative. But the products and services weren’t only for its customers they first transformed GE. Key moves: GE began looking at sustainability as part of a demographic trend, realizing that scarcity would increase with population growth. Energy and water use, waste, carbon emissions all would decline among the most efficient and sustainable companies. GE saw a...

Why might it usually be desirable to settle a tax dispute with an agent, rather than...

Why might it usually be desirable to settle a tax dispute with an agent, rather than appealing to a higher level within the IRS? Also .. why might it sometimes be in your clients best interest to seek resolution at the higher level within the IRS?

3a. Many people believe that teenagers make emotional rather than rational economic decisions, particularly decisions about...

3a. Many people believe that teenagers make emotional rather than rational economic decisions, particularly decisions about criminal behavior. That means that teens are not deterred by harsh penalties. What test does Levitt perform to determine if teens are deterred by harsher penalties? What natural experiment does he rely on? Be brief.

Sophocles once said that Euripides depicts people as they are rather than as they ought to...

Sophocles once said that Euripides depicts people as they are rather than as they ought to be. Do you agree? Can this play still speak to us from across the centuries?

Describe the different forms of business structure (sole proprietor, general and limited partnerships and private and...

Describe the different forms of business structure (sole proprietor, general and limited partnerships and private and public corporations). Include the positives and negatives of each form of business.

In general the it is better to mine a tunnel upgrade (uphill) rather than downgrade because...

In general the it is better to mine a tunnel upgrade (uphill) rather than downgrade because the upgrade has (a) more favorable discontinuity orientation (b) water in tunnel will drain away from tunnel face (c) gravity better assists in mining tunnel face (d) downgrade from tunnel face speed up muck removal (e) all answers apply

If two parties choose to litigate rather than settle, should the law presume that the transaction...

If two parties choose to litigate rather than settle, should the law presume that the transaction costs between them are high and, therefore, award legal relief (compensatory money damages)? If we assume transaction costs are low, give examples why they may still litigate.

what is common (case) law ? explain in your own words rather than to copy paste...

what is common (case) law ? explain in your own words rather than to copy paste from interenet but you can take idea from it the answer must long?

Why might a business owner keep their business open but let it deteriorate, rather than shut...

Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?

What happens when prices are determined by the state rather than by the interaction of many buyers and many sellers in the marketplace?

Question