What are the major disadvantages of running an export-import business as a partnership?

  1. What are the major disadvantages of running an export-import business as a partnership?
  2. Both general and limited partnerships may be useful forms of organization for export-import businesses. Why/why not?
  3. What types of professional services are needed when you start an export-import business?
  4. State three typical organizational structures of firms that are engaged in international trade. Is a separate export department necessary for a manufacturing firm with limited exports?
  5. ABC Company is incorporated in Florida, although all its business activities are done in France. Its management office is located in Amsterdam, where the board of directors holds its regular meeting. The shareholders are from the United Kingdom and Denmark and hold their annual meeting in Vienna. What is ABC’s residence for tax purposes?