A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

Each partner has unlimited liability, including personal assets, for obligations entered into by the partnership, even if these are entered into by another partner.

Rachel Roosth and Emma Oliver of Norton Rose Fulbright examine considerations for proving or disputing the existence of a ...

The federal government recognizes several types of partnerships. The two most common are general and limited partnerships. If your business will be owned and operated by several individuals ...

The parents create the family limited partnership. Initially, the parents will hold the general partnership interests, say 2%. As general partners, the parents maintain virtually full control of ...