Warning: Heavy legal fees, taxes, and administrative fees
Three Interesting Facts
2. These businesses don't die.
3. A Bankruptcy here doesn't follow those who are in the company.
EX. McDonalds, Coca Cola, etc.
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Policies and Regulations
2. Bankruptcy forces the owner to bankruptcy as well.
Ex. Sora Ltd., Wayforward
2. This refers to General Partnerships.
Ex. Intel, Sam's Club
Benefits in contrast to General
Drawbacks in contrast to General
2. Bases liability on your stake of shares in the company itself.
ex. Cooley LLP