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County, Hereinafter Referred to as Grantor, and , a Limited Liability Form

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County, Hereinafter Referred to as Grantor, and , a Limited Liability Form

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welcome to county office your ultimate guide to local government services and public records let's get started how do General Partnerships limited Partnerships and limited liability Partnerships differ General Partnerships are formed by an agreement between two or more Partners which can be verbal or written this agreement outlines the contributions profit and loss distribution and terms for dissolution limited Partnerships on the other hand require at least one General partner and one or more limited partners they must file a certificate of limited partnership with the state appointing a registered agent limited liability Partnerships llps are typically formed by Professional Service businesses such as law firms or medical practices and involve filing elections with the state to claim LLP status ownership and management in a general partnership all partners are general part ERS with equal responsibility for the business they share in the profits losses and liabilities equally

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