Mailing List lml@lancaironline.net Message #7724
From: Harry League <harryleague@home.com>
Subject: Re: liability
Date: Sun, 26 Nov 2000 00:07:23 -0600
To: <lancair.list@olsusa.com>
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I am curious how a partnership can offer any kind of protection since liability
in partnerships generally flows to the individual partners.   Is the family
partnership some form of limited liability partnership?   If so, who or what is
the general partner?   Why is this entity better than a corporation?

"John Wright, D.O." wrote:

>   When we first submitted to the FAA the name of our family partnership....
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