Bar Exam Limited Partnerships (LP) and Limited Liability Partnerships (LLP) Flashcards
Master 8 limited partnerships (lp) and limited liability partnerships (llp) concepts for the Bar Exam.
Limited Partnerships (LP)
5 cardsQuestion
What document must be filed with the state to form a limited partnership (LP)?
Question
What is the extent of a general partner's liability in a limited partnership?
Question
What document must be filed to form a limited liability partnership (LLP)?
Question
What is the scope of the liability shield in a limited liability partnership (LLP)?
Also study
Agency: Formation and Termination9Agency: Contract Liability (Authority)16Agency: Tort Liability (Vicarious Liability)13Agency: Fiduciary Duties9General Partnerships: Formation and Nature9General Partnerships: Relations Among Partners14General Partnerships: Third-Party Liability7General Partnerships: Dissociation and Dissolution11
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