Question: Hello Team, Please me with the below question. 1.Grace Gable is the sole shareholder, the only director, and the president of Test Corp.Test Corp. is

Hello Team,

Please me with the below question.

1.Grace Gable is the sole shareholder, the only director, and the president of Test Corp.Test Corp. is the only general partner in the Truss, Gable, and Buttress Limited Partnership.The limited partners are Grace and ten other individuals, none of whom are named Truss or Buttress.Will Grace be liable for the debts of Truss, Gable, and Buttress Limited Partnership?Why or why not? What difference would it make if, in addition to filing a limited partnership certificate, Grace caused a limited liability partnership certificate to be filed?

Thanks

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!