Limited Partnerships – statute based limited liability without incorporation
A Blog Post, business law, Buying a Business, entrepreneur, partnership, partnerships, small business, start-up business, starting a business, types of business A Blog Post, business law, Buying a Business, entrepreneur, partnership, partnerships, small business, start-up business, starting a business, types of business agent,business law,business lawyer,business structure,corporation,entrepreneur,entrepreneur law,entrepreneur lawyer,garnet brooks,Halifax lawyer,law of agency,limited partnership,limited partnership agreement,LP,partnership,partnership act,sole proprietorship,unlimited liabilityThe Limited Partnership (“LP”) Introduction: Previous articles discussed characteristics of sole proprietorship and general partnership. This article will discuss the limited partnership business structure. Limited partnerships can carry on any business that a general partnership may, and offers limited liability to some partners, known as the “limited partners”. For this reason, this business structure is