Examples in Real Life
General Partnership
General partnership can be found in creative areas of market, such as graphic design businesses. One partner could sell accounts, while the other partner create advertisement and marketing strategy.
General partnership can be found in creative areas of market, such as graphic design businesses. One partner could sell accounts, while the other partner create advertisement and marketing strategy.
Limited Partnership
Limited partnership are usually found in time-restricted projects, like filmmaking and real estate businesses. Director, writer, and editor of a movie serve as the general partners. Companies who invest money into the movie production are the limited partners. In a real estate market, an experienced property manager are the general partners and outside investors serve as the limited partner.
Limited partnership are usually found in time-restricted projects, like filmmaking and real estate businesses. Director, writer, and editor of a movie serve as the general partners. Companies who invest money into the movie production are the limited partners. In a real estate market, an experienced property manager are the general partners and outside investors serve as the limited partner.
For the movie "Interstellar", Warner Bros and Paramount Pictures are the general partners.
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Legendary Pictures, Syncopy, and Lynda Obst Production funded for the film making, so they are limited partners.
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Limited Liability Partnership
Medical partnerships, law firms, and accounting firms are common examples of Limited Liability Partnership. Ernest & Young is a professional service firm from London, England, formed by LLP. The company was founded in 1989, when Ernst & Whinney and Arthur Young & Co. (two companies) merged together. These two companies are both limited partners.
Medical partnerships, law firms, and accounting firms are common examples of Limited Liability Partnership. Ernest & Young is a professional service firm from London, England, formed by LLP. The company was founded in 1989, when Ernst & Whinney and Arthur Young & Co. (two companies) merged together. These two companies are both limited partners.