Whether you are personally liable for the acts of other partners depends on what kind of partnership you are in. If you are in a general partnership, you are personally liable for all acts of the other partners. In a limited partnership, which has both general and limited partners, general partners are personally liable for acts of other partners, but limited partners generally are not liable for obligations in excess of their monetary contributions to the partnership. In a limited liability partnership, partners generally are not personally liable for acts of other partners.
For the second time in the last 15 months, Donald Trump faces trial in the United States Senate as part of the impeachme... Read More
As a general rule, a misdemeanor is a criminal offense that carries a penalty of up to one year in detention. In most in... Read More
What Would Be Required to Change How Presidents Are Elected? The unique method by which the United States elects a pres... Read More
How It Works