A limited partner can have an ownership stake in a limited partnership or a limited liability partnership. Whether a limited partner can make a binding decision for a business depends on the organization he is affiliated with and what the decision ...

Partnerships typically afford good opportunities for people to combine their ideas, skills and finances to generate a profit. Living in different states complicates the partnership process because state law controls the formation, organization and ...

A general partnership in Tennessee must follow the state's default rules, found in the state's Revised Uniform Partnership Act of 2001. Any general partner may file a statement listing all partners in the Tennessee Secretary of State's office, but ...