If the written partnership agreement makes no provision for sharing profits and losses in a limited partnership, they are shared equally.
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Q11: Some statutes permit the operating agreement of
Q12: In Alzado v. Blinder, Robinson & Company,
Q13: A general partner may also be a
Q14: Legislation authorizing the formation of low-profit limited
Q15: A limited partnership agreement may not provide
Q17: A limited partnership must continuously maintain an
Q18: The majority of states have adopted the
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Q21: Members of an LLC share profits and
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