• A partnership with one or more general partners with unlimited legal liability and one or more limited partners with legal liability limited to the amount they have invested in the business. The limited partners are silent' in that their financial investment in the business is the total extent of their involvement with the business.
• A partnership that includes one or more partners who have limited liability.
Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...
Well done is better than well said. - Benjamin Franklin (1706-1790)