What is a limited partnership agreement?

Answer A limited partnership agreement is formed between one or more general partners and one or more limited partners. It overrides the default rules of the Uniform Limited Partnership Act (ULPA), and ma... Read More »

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Texas Limited Partnership Agreement?

A Texas limited partnership is designed to protect partners who do not take an active role in the management of the partnership from unlimited liability for debts of the partnership. A limited part... Read More »

The Domestication of a Foreign Limited Partnership Into a Florida Limited Partnership?

A foreign limited partnership desiring to become a domestic limited partnership in Florida has to meet specific legal requirements and file domestication documents with the Florida Secretary of Sta... Read More »

What is the difference between a limited liability corporation&a limited liability partnership?

A limited liability partnership (LLP) and a limited liability company (LLC) contain elements of a general partnership combined with liability protection for the business owners. In states like Cali... Read More »

What is a limited family partnership?

A limited family partnership, officially called family limited partnership (FLP), is a specialized type of business entity in the United States and Europe. FLPs are mostly used to hold and disburse... Read More »