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If it was drawn up formally, as a contract, yes.

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15y ago

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Related Questions

How many types of partnership possible?

4 types -general partnership -limited partnership -master limited partnership -limited liability partnership


Is this true or false The 3 types of partnerships are general partnership unlimited partnership and unlimited liability partnership?

The ones I'm aware of (In the US) are General Partnership, Limited Partnership (LP), Limited Liability Partnership (LLP), and Limited Liability Limited Partnership (LLLP)


What are the requirements for filing a certificate of assumed in TEXAS?

A domestic or foreign corporation, limited liability company, limited partnership, limited liability partnership, or other foreign filing entity that regularly conducts business or renders a professional service in this state under a name other than its legal name (the name stated in its certificate of formation or comparable document) must file an assumed name certificate with the secretary of state and with the county clerk in the appropriate county.


What is a a partnership in which all partners are limited?

A limited partnership takes place when all partner are limited.


What is the maximum income allowed from a limited partnership in an IRA?

The maximum income allowed from a limited partnership in an IRA is $1,000 per year. Under the IRA, a limited partnership is entitled a master limited partnership or MLP.


Abbreviation for partnership?

LP Limited Partnership


Features of limited partnership?

limited partnership has two partners with different liability;general partners and limited partners.


Where do you find the dissolved date on a limited partnership?

The dissolved date of a limited partnership can typically be found in the partnership's formation documents, such as the certificate of limited partnership, or in state-specific filings. These documents are often filed with the Secretary of State or a similar regulatory body. Additionally, the dissolved date may also be listed in any dissolution filings or reports submitted to the state. For the most accurate information, it's advisable to check the official state business registry or database.


Which of the following terms represents a business that is similar to a general partnership, except that in addition to general partners there are one or more limited partners?

limited partnership a+


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.


When was Hines Interests Limited Partnership created?

Hines Interests Limited Partnership was created in 1957.


What is the population of Hines Interests Limited Partnership?

The population of Hines Interests Limited Partnership is 2,900.