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Yes, an LLC can be a partner is a partnership and they often are. In this case, all partners in the general partnership are general partners.
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∙ 13y ago
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Can a trust be a partner within a partnership?
yep trust is the main thing in your relationship
What partnership requires only one partner to be a general partner?
A partnership that requires only one partner to be a general partner is called a limited partnership. This is a form of partnership.
Can an L.L.C. have vice presidents?
LLC is usually a partnership, and each individual is a partner. President, vice president positions are meant for the officers of full corporations.
What does the LLC stand for in Indiana LLC?
The LLC in Indiana LLC stands for "Limited Liability Company". LLC companies blend corporate structure with partnership qualities.
Can a partnership be a member in a S-Corp?
Members of a partnership. First member is sole owner llc, 2nd member is an S-Corp owned by the same person that owns the llc. Will this meet the requirements of a partnership?
Can a partnership issue stock?
That depends on the type of partnership. If it's a corporation then yes. If it's an LLC then no.
How do you relinquish a partnership if the partner does not buy you out?
Withdraw as a partner. The partnership agreement should address this issue.
What is a principal partner in a partnership?
he is the sole propritor of a partnership
What suitable designation can be used by partner according to the partnership act 1932?
The Partnership Act of 1932 allows for a Limited Liability Partnership. In a Limited Liability Partnership, one partner is not responsible for another partner's negligence and misconduct. Depending on the state, and the partnership, there are varying degrees of limited partnership.
What to do when your business partner entered the partnership fraudulently?
Take the partner to court to preserve your interests, and disolve the partnership.
What does PLLC stand for after an attorneys name?
PLLC is a combination of two business forms. The partnership and the LLC. PLLC stands for partnership limited liability corporation.
Can a partnership have directors?
Where a corporation is a partner in a partnership, the corporation's directors can have an indirect effect on the partnership.
