June 2016

Limited Partnership: When Is A Limited Partner Still Liable?

Limited partnerships are a little-known, but very attractive form of business. A limited partnership combines both general partners and limited partners. The difference between a limited partnership and a general partnership is that limited partners avail themselves of limited liability. General partners, however, do remain liable. Because limited partners are protected by limited liability, they

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Limited Liability Company: When You Are Still on the Hook

Florida, like all states, has a special statute in place enunciating the procedures and protections of a limited liability company. One of the major benefits of registering your company as a limited liability company is limited liability, as the name indicates. Limited liability means that you are not personally liable for debts your company accumulates.

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