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© 2009-2019 Dana H. Shultz, Attorney at Law

What Are the Types of Partnerships?

Logo for Quora, where Dana Shultz wrote about the types of partnerships in the U.S.I am writing this post about types of partnerships because of a question that I answered on Quora. Please see Why would a group of people organize their business as a partnership?

in the U.S.,  there are different types of partnerships. (more…)

What are General Partners and Limited Partners?

Logo for Quora, which was the source for a question about general partners

This post is based on a question about general partners that I answered on Quora a couple of weeks ago.

Q.: Why do general partnerships and limited partnerships both have a “general partner” position?

A.: General partners – in each type of partnership – have control over and manage the business. They are jointly and severally liable for the partnership’s obligations. (more…)