Week 3 Writing Assignment – BLA310

REQUIRED:
Must list each question and then the answer underneath.
Must use scholarly sources.

Charlie was a limited partner in a limited partnership that has just recently dissolved. Upon dissolution, the partnership debts exceeded the assets. Charlie has recently been contacted by the business attorney to review some of Charlie’s activities in the last year in that partnership for an upcoming deposition because numerous creditors claim that Charlie should be considered a general partner.

Discuss Charlie’s liability for each of the following statements and actions that occurred in the last 2 years prior to dissolution – Could any of these actions alter his limited liability, why?

Charlie was hired as a consultant for the limited partnership in the year prior to dissolution.
Charlie had identified several management problems at a meeting 2 years ago and recommended removing one of the general partners, expanding into an additional line of business, and borrowing substantial money to finance the expansion.
At a partnership meeting to discuss Charlie’s recommendations 2 years ago, Charlie voted to remove the partner, expand the business and borrow money.
Last year, Charlie advised the partner he was removed and advised department heads of the reorganization that was taking place.
To get the loan to finance the business, Charlie executed a personal guarantee on the loan.
Assignment checklist:
Have I answered all the questions with support from the learning segments and scholarly research?
Does my submission meet APA requirements and assignment requirements (minimum length)?
Have I provided in text citation and source information in APA format including a working URL?
Did I list each question first and then answered the question?

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