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A limited partnership must continuously maintain an office at which basic organizational and financial records are kept.
Limited Partnership
A business structure where at least one partner has limited liability to the extent of their investment, while at least one other has unlimited liability.
Organizational Records
Documents and records that are important for maintaining the operations, legal compliance, and historical record of an organization.
Financial Records
Documents that track and provide evidence of a person's, company's, or entity's financial transactions and condition.
- Gain insight into the conditions necessary for the formation, adjustment, and disbandment of a limited partnership, along with the requisite documents.
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Learning Objectives
- Gain insight into the conditions necessary for the formation, adjustment, and disbandment of a limited partnership, along with the requisite documents.
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