limited partners

Can A General Partnership Have Limited Partners?

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Can A General Partnership Have Limited Partners? A limited partnership is required to have both general partners and limited partners. General partners have unlimited liability How many partners can a general partnership have? A general partnership is a business made up of two or more partners, each sharing the business’s debts, liabilities, and assets. What

Can You Sue A Limited Partnership?

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Can You Sue A Limited Partnership? Can you sue a limited partnership? A limited partnership is considered to be a separate legal entity, and as such can sue, be sued, and own property. Is a limited partnership liable? A limited partnership (LP) exists when two or more partners go into business together, but the limited