Partners of a general partnership typically have joint and several liability for the debts and obligations of the partnership.
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Q1: Unlike the general partnership, in which all
Q3: Some states require limited liability partner- ships
Q4: In states that have adopted full shield
Q5: The proper documentation must be filed with
Q6: In states that have adopted partial shield
Q7: A carefully drafted partnership agreement can be
Q8: The number of limited liability partnerships in
Q9: Foreign limited liability partnerships generally do not
Q10: Partners of a limited liability partnership may
Q11: A disadvantage of doing a business as
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