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Questions about Limited Partnership,.. who can help?

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Questions about Limited Partnership,.. who can help?

Old 05-21-20, 12:26 PM
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Questions about Limited Partnership,.. who can help?

Questions about Limited Partnership?

Who can help?
Old 05-21-20, 02:28 PM
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Re: Questions about Limited Partnership,.. who can help?

I know how to fill out a Power of Attorney for a limited partnership, but that's about it.
Old 05-21-20, 02:40 PM
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Re: Questions about Limited Partnership,.. who can help?

You mean "legally" help? Or just Otterville help?

Or are you needing a limited partner? What type of activities are involved? I'm not big on butt-stuff and I have a low tolerance for the colors mauve and taupe. Are those even colors?
Old 05-21-20, 02:51 PM
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Re: Questions about Limited Partnership,.. who can help?

Come on, Otterville help is the best help!
Old 05-21-20, 04:41 PM
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Re: Questions about Limited Partnership,.. who can help?

It's been 35 years since my Business Law classes in college. If I remember right, in a full partnership each partner is responsible for the liabilities of the other partner(s) both business and personal. If your partner's wife gets drunk and kills somebody, you can be personally sued also. If your partner cheats on his personal taxes the IRS can come after you also.
In a limited partnership you are only responsible for your own debt/liabilities and that of the business.

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