Asked by Dominika Roybal on Apr 24, 2024

The certificate of a limited partnership must be amended if a new general partner is admitted.

Certificate

A document serving as proof or evidence of ownership or entitlement, such as a certificate of stock, birth certificate, or certificate of completion.

General Partner

A partner in a partnership who has unlimited personal liability for the debts of the business and takes part in its day-to-day management.

Limited Partnership

A business structure where one or more partners have limited liability and are not involved in the day-to-day management, juxtaposed with at least one general partner who has unlimited liability.

  • Master the essentials for establishing, revising, and winding up a limited partnership, including the involved paperwork.