Modern corporate law has seen an increase in the number of available corporate forms. Before the creation of legal entities such as the LLC and the LLP, many ventures were formed as general partnerships; today, relatively few are. This article attempts to answer whether there is any reason to form a general partnership today, in light of new corporate forms which combine many of the advantages with few of the disadvantages.
- Summary by FizzLaw Team
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Is there Any Reason to Form a General Partnership?