Explore the legal terms and concepts related to Alternative Unincorporated Business Organizations. Click on any term below to learn more about its definition and applications.
PT#015
What is a limited partnership and how is it formed?
A limited partnership is a partnership with at least one general partner and at least one limited pa...
PT#016
What is a limited liability company (LLC) and how is it formed?
An LLC is a hybrid between a corporation and a partnership in which owners, called members, have the...
PT#017
What is a registered limited liability partnership (RLLP) and how is it formed?
RLLPs (sometimes just called "LLP") are formed by filing a statement of qualification and annual rep...
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