Most jurisdictions require limited partnership agreements to be in writing and, for the most part, contain the same provisions as those in a general partnership agreement-with some complex additions.

Choosing the right business structure is critical for the operation of a business. General and limited partnerships are ...

Partnerships are not subject to income tax at the entity level. Instead, they operate as pass-through entities, meaning the ...

From a subscription credit facility lender’s perspective, it is essential that the Fund’s limited partnership agreement (“LPA”) include an express agreement of its investors to fund their ...

Among the tools available, a limited partnership (LP) is one of the most effective and underutilized strategies for asset protection. This article explores the mechanics of limited partnerships ...

The Bombay High Court recently ruled that a Limited Liability Partnership (LLP) can be bound by an arbitration clause in its partnership agreement, even if the ...

The family limited partnership (FLP) is a classic technique to shift income and wealth to your children and future generations. We began this structure with a client about 25 years ago. Ownership ...

Since an LLC is a hybrid of a partnership and corporation ... The operating agreement is thus a document that spells out the terms of a limited liability company (LLC) according to the members.

LLP stands for limited liability partnership. As the name suggests ... In either case, the LLP must be defined by an operating agreement, she says. Difference Between an LLP and LLC An LLC ...