Question: Virgina Mattson decides to form a limited partnership with herself
Virgina Mattson decides to form a limited partnership with herself as the sole general partner and with 10 friends and associates as the limited partners. She chooses the limited partnership form, because its default rules clearly grant sole management rights to her, the only general partner. Mattson is concerned, however, about having personal liability on contracts she signs on behalf of the limited partnership. What should she do to limit her personal liability for the obligations of the business to the amount of her capital contribution?
Relevant QuestionsLaw enforcement officers arrived at a Minnesota residence in order to execute arrest warrants for Andrew Hyatt. During the officers' attempt to make the arrest, Hyatt yelled something such as "Go ahead, just shoot me, shoot ...When Indiana's legislature legalized riverboat gambling in the early1990s, it adopted laws setting forth a broad-ranging regulatory regime. The legislature established the Indiana Gaming Commission as the administrative ...Jerrie Gray worked at a Tyson Foods plant where she was exposed to comments, gestures, and physical contact that, she alleged, constituted sexual harassment. Tyson disputed the allegation, arguing that the behavior was not ...On August 26, while employed as a policeman at a state university, Richard Homar was arrested by the state police and charged with a drug felony. University officials then suspended Homar without pay. Although the criminal ...Marigold Dairy Corporation sells milk products, including powdered milk formula for infants. Marigold hopes to increase sales of its powdered milk formula in Liberia and other African nations where mothers are often ...
Post your question