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Illinois Partner Form

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Instructions and help about Illinois Partner

welcome to learn about law my name's kevin o Flaherty from O'Flaherty law and today we're gonna explain partnerships in Illinois we'll talk about the difference between a general partnership a limited partnership a limited liability partnership and the difference between all of those things and corporations and LLC's if you want to learn more about escorts LLC's and C corporations we have an article in video about that at learn - about - law comm so first let's talk about a general partnership this is your basic form of partnership anytime two people are doing business together without incorporating in a different way they are a general partnership de-facto so general partnerships may or may not have a partnership agreement that governs the relations between the partners but they don't file any corporate papers to incorporate and they don't have to follow any corporate formalities like meetings of the shareholders

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