What is a limited liability corporation? What is a limited liability partnership? What are - 12837

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1.       What is a limited liability corporation?  What is a limited liability partnership?  What are differences between them?  What are advantages and disadvantages of each?

 

2.       What is a sensitivity analysis?  What is a scenario analysis?  How would you apply each to a potential investment opportunity?  How would you use information from this analysis?  Explain your answer.

 

 

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1.       What is a limited liability corporation?  What is a limited liability partnership?  What are differences between them?  What are advantages and disadvantages of each?

A limited liability corporation provides limited liability to the owners of the business. It is a legal form of business in majority of the states in USA. A limited liability corporation combines the features of a corporation as well as sole proprietorship. A limited liability partnership helps professionals form firms while limiting their liability at the same time. In a limited liability partnership, the partners have a limited liability. It is therefore a mix of the features of a corporation and a partnership. The liability of every member in a corporation is limited to the amount invested by the member. In a partnership on the other hand there is no protection, but a limited liability partnership offers protection from unlimited liabilities. A limited liabi