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LIMITED LIABILITY PARTNERSHIPS (LLPs)


Limited Liability Partnerships ("LLPs") are a great way to minimize liability to its limited partners.  However, each LLP needs a general partner.  This brave soul assumes liability for the entire partnership, including its debts.  But there are still some ways to get around personal liability for general partners.  This requires a trained legal mind.

There are certain procedural matters that must be taken into account when forming a limited liability partnership.  To make sure you do things correctly to take advantage of the benefits provided to limited partners of LLPs, contact us.

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© Nosrat | Rad 2015 - ALL RIGHTS RESERVED
  • Intro
  • Practice Areas
    • Workers' Compensation >
      • Reporting Injuries
      • Medical Attention
      • Temporary Disability
      • Permanent Disability
      • Discrimination
    • Accidents
    • Employment Law
    • Business Law >
      • Litigation
      • Corporation
      • LLC
      • Partnership
      • LLP
  • About the Attorneys
  • Contact us
  • Free Forms
    • Workers' Compensation
  • Español
    • Compensación de Trabajadores