A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability A limited partnership is similar to a general ...

It handled the legal fees issue in a way that is, actually, quite common in partnership agreements and limited liability company agreements. The agreement required each partner to “indemnify” ...

Greater asset protection can be achieved by holding the general partnership interest in a limited liability company (LLC) that is owned and controlled by the parents. At the same time, the parents ...