Kalla decided to set up a limited partnership.First,she incorporated KalCo.Inc,a corporation of which she was the sole shareholder,director,and officer.She intends KalCo.Inc to be the general partner.Her spouse,Roger,who will not be involved in the business in any way,will be the initial limited partner.She will try to find other investors willing to become limited partners.Kalla can create a limited partnership with this proposed structure.

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Kalla can set up a limited partnership with KalCo.Inc as the general partner and Roger as the initial limited partner. She can then seek out additional limited partners to invest in the partnership. This structure is allowed under the laws that govern limited partnerships.

Kalla Decided to Set Up a Limited Partnership