Question: What is the primary difference between a general partnership ( GP ) and a limited partnership ( LP ) ? GP ' s can split
What is the primary difference between a general partnership GP and a limited partnership LP
GPs can split voting rights in any percentage that the partners agree to whereas LPs must be equal
LPs can split income in any percentage that the partners agree to whereas GPs must be equal
LPs can limit their liability to their investment, whereas GPs cannot and have unlimited liability
LPs can split voting rights in any percentage that the partners agree to whereas GPs must be equal
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