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Texas Limited Partnership Form

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hello I'm Michelle and today we're going to talk about limited Partnerships we're going to discuss what it does does its YouTube business model and how you can form one using a top T recommended services [Music] so what is a limited partnership a limited partnership is a business structure comprising of two partners General and limited its legal entity distinct from its partners and combines certain features of Partnerships and corporations General partners are responsible for the day-to-day management of the business they make decisions on behalf of the partnership and have unlimited liability for the Partnerships debts and obligations this means their assets can be seized to cover the Partnerships liabilities if necessary limited partners on the other hand are passive investors who do not participate in the business management they provide Capital to the partnership and receive a share of the profits in return reliability is limited to the amount that they&

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