Updated: Jan 9
Some or all partners have limited liabilty, each partner liable for the business itself. Partners are not liable or responsible for actions of other partners.
Seperte entity for tax purpose, report income on a 1065 & K1 like GP
Often times partners carry liability insurance for themselves.
Any unincorporated business run by 2 or more persons who contribute money, property, or service in return for share of profit/loss. The...
A partnership with 2 or more partners where there is at least 1 general partner with unlimited liabilities & 1 limited partner who is...
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