Can a limited partnership be formed between an individual and a trust?
Question Details:
Glenn M. Lyon, Esq. / MacGregor Lyon, LLC.
Answered 11 months ago
This attorney is licensed in Georgia
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Yes, but the individual would need to be a general partner, which means it would have managerial control, but also personal liability for the partnership. If not formed yet, other entity types would work much better and the individual would not have to accept personal liability for the company.