Asked on 1/22/2009 by Karl Spacler - Bushwood ClubsAnswered by ABC Staff
Limited Partnership ("LP") is a business organization with one or more
general partners, who manage the business and assume legal debts and
obligations, and one or more limited partners, who are liable only to
the extent of their investments. Limited partners also enjoy rights to
the partnership's cash flow, but are not liable for company obligations.
Setup a FREE business profile to ask your question. You will also be included in our Member Directory and enrolled to receive our weekly e-newsletter with the latest news and advice for America's small business owners.
I work from home, how should I incorporate my business?
How will it help my business to go green?
How do I get the products I need to start my business?
Is there is a woman's small business stimulus package?
How do I shield myself from liability as an independent distributor?
America's Best Companies, Inc. © 2006-2015 All Rights Reserved
| Register | Help