Month: 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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Estoppel: The Final Saving Grace for a Pseudo-Corporation

Incorporating is a major step for any business. The benefits of incorporation are limitless. However, the main reason many incorporate is to allow their business to avail itself of limited liability. If the incorporation process is faulty, you may lose your limited liability protections. In those situations, it is important to know if you have …

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