November 24, 2009
If you are interested in a partnership venture of any type, you might be considering a General Partnership, Joint Venture, Limited Partnership, or a Limited Liability Partnership.
A General Partnership takes place when two or more persons join forces to carry on as co-owners a business for profit.
Each state adopts its own model act to govern [...]
Read the full article →
November 24, 2009
In most states, a Limited Partnership is basically governed by The Revised Uniform Limited Partnership Act (RULPA). This type of entity involves at least one general partner (GP) and one limited partner (LP). Some of the highlights of a Limited Partnership are:
-GPs have total control and centralized management
-Ability to transfer LP interests
-Pass-through taxation for partners
-Limited [...]
Read the full article →
