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Convert Limited Partnership Agreement to PPT

Convert Limited Partnership Agreement to PPT

Aug 6th, 2022

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Simple guide on how to Convert Limited Partnership Agreement to PPT

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How to Convert Limited Partnership Agreement to PPT

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Gareth Sutton, an asset protection attorney, discusses the benefits of a limited partnership (LP) as a protective entity for assets. By chartering an LP with the state, you gain asset protection; if you are a limited partner, you are shielded from claims against the partnership. Your maximum loss is capped at your investment—for instance, if you invest $2,000, that is the most you could lose, regardless of any larger claims. However, a crucial point to note is that a limited partnership requires the presence of a general partner, introducing an additional layer to consider in the structure and liability management of the entity.

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