Limited Partnership

How to Start a Partnership in Utah

By SNJ Legal / May 12, 2021

When you are starting a business, if you have a business partner (or two or more), you can choose a partnership as your business entity. After reviewing the options, you have decided a limited partnership (LP) or limited liability partnership (LLP) is the best choice for you. Making the choice to create a partnership is …

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Limited Partnership: A Guide

By SNJ Legal / June 20, 2015

A limited partnership (LTD) is a hybrid of a corporation and a partnership. The general partners manage the business on a day-to-day basis and are personally liable for the debts and liabilities of the partnership. However, the limited partners do not participate in the management of the business and only their assets used for purchase of their …

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