Limited Partnership

By: Barry E. Haimo, Esq. January 12, 2017 Who Are the Parties in a Limited Partnership? So you’ve decided that your new business venture will take the form of a limited partnership (LP). You want passive income, protection of your assets, and flexibility for all of the partners...

By: Barry E. Haimo, Esq. November 15, 2016 What Are the Governing Documents for a Limited Partnership? So, you’ve decided to form a limited partnership. As you know, a limited partnership is a type of entity where the shareholders are comprised of general and limited partners. The general...

By: Barry E. Haimo, Esq. October 27, 2016 Why Should You Form a Limited Partnership? If you are thinking about starting a partnership, you generally have two options: a general partnership and a limited partnership. General partnerships allow two or more partners to operate a company and, unless...

By: Barry E. Haimo, Esq. May 3, 2016 What Is a Limited Partnership? A limited partnership (LP) by definition is a form of ownership that can protect limited partners from financial or legal liability. In a limited partnership, you have a partnership consisting of a general partner and limited...