How is a partnership like a limited liability corporation?

Economics
Tutor: None Selected Time limit: 1 Day

How is a partnership like a limited liability corporation?

May 5th, 2015

They are alike in that both are a business organization that limits liability while allowing all the income from the enterprise to pass through to specific individual involved in the enterprise.  Neither organization last beyond the lives of the individuals who set it up.  

May 5th, 2015

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