Under the Revised Uniform Limited Partnership Act,limited partners may engage in certain "safe harbor" activities without losing their protection from liability.These activities include being a contractor for,or an agent or employee of,the limited partnership or of a general partner.
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Q1: Courts tend to resolve ambiguities in limited
Q3: Limited liability is not a feature of
Q4: Every limited partnership must have at least
Q5: While most states have adopted limited liability
Q7: A limited liability company pays federal income
Q9: If a limited partnership certificate is never
Q12: Even limited partners are completely liable for
Q13: The dissolution of a limited partnership is
Q15: Both general partnerships and limited partnerships are
Q19: A limited partner can never lose money.
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