LoE, partnership enterprise

Whose liability is limited when it comes to Partnership enterprise?

• general partner

• limited partner

• shareholder

describe in detail the liability of general partner and limited partner in Partnership enterprise

Who can become general partner?

Who can become limited partner?

Who can be seen as respresentative of partnership?

When a general partner die, in which case that his/her heir will become a new general partner?

• the heir can not become the new general partner in all cases

• the heir are inevitably become a general partner

• if the remaining partners agree to admit the heir as a new general partner.

The general partner only have the right to pass a part or all of his/her asset to other individual if it is ________

Can a heir become a new limited partner if the original limited partner died?

Vote in partnership enterprise is specified as _____

• 1 vote / 1 general partner

• the capital contribution of the partner

• depent on the company chapter

limited partner is _____ when transfering his/ her capital in the company

When transfering part or all of the capital, this action is prohibited to general partner except is is under other partner _______