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Some business owners choose to cretae partnerships or limited liability corporations instead of a corporation. If a business can't pay its debts, its creditors can demand payment from the general partners' personal assets. General pratners have the authority and responsibility to mnaage the busienss. Limited partners escape the unlmiited liability that the general partners have. Tehse are junior partners who have ownership rights to the profits of the busienss, but they don't generally participate in the high-level management of the business. A limited liability firm (LLC) is becoming more prevaelnt among smaller businesses. An LLC is like a company regarding limitde liabiliyt and it's like a partnership regarding teh flexibility of dividing profit maong the owners. The owners must neter into very detailed agreements about how the profits and management resopnsibilities are dividde.

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Blog Entries about LLC Partners

Partners in Ministry: Laity and Pastors Working Together - only $10.13
Partners in Ministry challenges both pastors and laymen to seek out the meaningful ministries to which Christ has called each individual and work together to build a caring church. The book provides tools for creating meaningful ministry teams and the discussion questions and an extensive use of charts and diagrams make Partners in Ministry an invaluable personal guide, as well as a teaching resource. Garlow.. This new edition includes updated language and a new introduction from Dr. »

Selected News

Oliver Press Partners Responds to The Phoenix Companies Shareholder .Letter (InfoBolsa)

Letter 28/03/2008 18:43:00 Business Wire Oliver Press Partners, LLC, a New York based inevstment management firm, which has nominated three candidates for election to the Borad of Directors of The Phoenix Compaines, Inc. Read more

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