Content Related To 'partnerships'
Lea en español In some states, a partnership may be formed as soon as two or more people associate to carry on as co-owners of a business for profit. In other words, no formalities exist when forming a legally recognized partnership in these states. The partnership agreement may be either expressly written or implied through […]
Lea en español 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 […]
Lea en español The three main types of partnerships are general partnerships, limited partnerships and limited-liability partnerships. A general partnership may be formed expressly with a written agreement or, in some states, implicitly from the conduct of the parties. All partners in a general partnership are personally liable for acts of the other partners. A […]