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Limited Partnership (LP)
A limited partnership has one or more limited partners who do not participate in the control of the business an who are not personally liable for the obligations of the partnership, and one or more general partners. The general partners actively engage in the management and control of the business and who have unlimited personal liability for the obligations of the partnership. A limited partnership is generally not subject to federal or California income tax but is liable for the annual franchise tax (presently $800).
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| Areas of Practice: |
Bankruptcy
Business Organizations
Business Torts
Commercial Law & Contracts
Debtor/Creditor
Intellectual Property
Mergers & Acquisitions
Science, Computers, & Tech
Wills, Trusts & Estate Planning |
| About Us: |
We take pride in providing personalized legal services for your individual or business needs. Our practice includes: business start up and funding, business buying and selling, business succession planning, business reorganization, estate planning, power of attorney, end of life decisions, lawsuit protection and debt settlement or consolidation. We are also intellectual property attorneys with experience in electrical, software, mechanical and biotech technologies.
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