Content Related To 'partnerships-limited-partnerships-and-joint-ventures'
Lea en español What is a Partnership? A business partnership is an agreement between two or more people, express or implied, to conduct certain business activities. The parties to a partnership may be individuals, corporations, and even other partnerships. Partnerships may be General partnerships, where all partners have equal rights and duties Limited partnerships, where […]
A limited-liability partnership does not require a general partner to be personally liable for the debts and obligations of the partnership. Instead, all partners are limited partners who stand to lose only their individual capital contribution should the partnership fail. None of the partners is personally liable for the debts and obligations of the partnership […]