unit3nationalinterestinaworldcommunity

unit3nationalinterestinaworldcommunity内容摘要：

and termination. During this process, business affairs are put in order, receivables are collected, accountings are made, payments to creditors are made, and the remaining assets are distributed to the partners as provided in the Uniform Partnership Act. Partnership •One or more partners in the limited partnership have limited liability, that is, their liability is limited to the extent of their investment in the partnership, and the limited partners have no control over the everyday management of the partnership. •The limited partnership involves passive investors who are like shareholders in a corporation. Thus limited partnership has features of both a general partnership and a corporation. Stock Company •An unincorporated business enterprise with the ownership interest represented by shares of stock. •It can be created with little formality and no initial capital outlay（ 创办资本费用 ） is required. (they are rarely seen now.) •The shareholders are personally liable for all the association’s obligations, while they share the profits in proportion to their controlling interest in the pany. •The joint stock pany is controlled by a board of directors and officers. of Corporations: 1) a corporation is a separate leg。