James W Partnership Law Blog

What Are Partners?

Monday, May 30, 2011 by James W. Martin

The rights and duties of partners of Florida partnerships are set forth in the Florida partnership laws and in the partnership agreements. Those documents provide for the ownership and management of the partnership.... Read More
Posted at 16:37 PM  |  PERMALINK
Topic: Partnership Law

What Are Partnerships?

Monday, May 30, 2011 by James W. Martin

General partnerships can be formed in Florida without filing any documents with the Florida Division of Corporations. But it is almost always advisable to do so because that is the only way for partnerships to elect limited liability and become a limited liability partnership LLP. Otherwise, the partners of the general partnership are personally liable for the partnership debts.... Read More
Posted at 16:36 PM  |  PERMALINK
Topic: Partnership Law
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