FIN 419 Week 1 Summary

Apr 24th, 2015
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FIN 419 Week 1 Summary

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This was an information packed week. From LLC's and LLP's to portfolio management and analysis. A limited liability corporation (LLC) limits the personal liability of the owners for debts and actions of the LLC. "?the LLC gives its owners, like those of S corps, limited liability and taxation as a partnership" (Gitman, 2006, p. 8).A limited liability partnership (LLP) provides limited liability to individual partners from certain partnership obligations. "All LLP partners have limited liability. They are liable for their own acts of malpractice, but not for those of other partners". (Git

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