Business Law

Feb 3rd, 2012
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Boston University
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Liz and Nero are in a partnership type of business where rules set together require adherence to in spite of whether they are effective or not. They need to register a business name, as it is a legal obligation for any company to register its name. Langhorne Creek Caterers is a general partnership as everyone is equally liable for profits and losses made. Losses and profits should be distributed as agreed among participants in general partnership business (Mann and Barry, 2009)

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