Type. The Partnership is structured as a: (choose one) ☐ - General Partnership (GP). All the Partners agree to hold equal personal responsibility in the Partnership’s liabilities. ☐ - Limited Partnership (LP). The General Partner(s) known as ☐ - Limited Liability Partnership (LLP). Each Partner is liable for their own negligence or wrongful acts, not financial obligations. ☐ - Limited Liability Limited Partnership (LLLP). The General Partner(s) known as (“General Partner(s)”) and limited partners shall have limited liability.
Appears in 47 contracts
Sources: Partnership Agreement, Partnership Agreement, Partnership Agreement
Type. The Partnership is structured as a: (choose one) ☐ - General Partnership (GP). All the Partners agree to hold equal personal responsibility in the Partnership’s liabilities. ☐ - Limited Partnership (LP). The General Partner(s) known as ☐ - Limited Liability Partnership (LLP). Each Partner is liable for their own negligence or wrongful acts, not financial obligations. ☐ - Limited Liability Limited Partnership (LLLP). The General Partner(s) known as (“General Partner(s)”) and limited partners shall have limited liability.
Appears in 24 contracts
Sources: Partnership Agreement, Partnership Agreement, Partnership Agreement