Rhode Island Sample Limited Partnership Agreement between Shearson Regional Malls, Inc. and Shearson Regional Malls Depositary Corp.

• Category: Corporations - Public - Limited Partnerships
• State: Multi-State
• Control #: US-EG-9173
• Format: Word; Rich Text

Description

Amended and Restated Agr. of Limited Partnership of Shopco Regional Malls, LP btwn Shearson Regional Malls, Inc. and Shearson Regional Malls Depositary Corp. dated October 6, 1998. 67 pages A Rhode Island Sample Limited Partnership Agreement is a legally binding document that outlines the terms and conditions of a partnership between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. This agreement establishes the rights, obligations, and responsibilities of each party involved in the partnership. The agreement typically includes key clauses such as the purpose of the partnership, the contributions of each partner, the distribution of profits and losses, the decision-making process, the management structure, and the duration of the partnership. Rhode Island offers various types of limited partnership agreements, and they may differ based on the specific needs and objectives of the parties involved: 1. General Partnership: This type of partnership involves both general partners and limited partners. General partners assume unlimited liability for the partnership's debts and obligations, while limited partners have limited liability and are typically not involved in the day-to-day operations of the partnership. 2. Limited Partnership (LP): In this type of partnership, there are both general partners and limited partners. General partners have unlimited liability, whereas limited partners have liability restricted to their investment in the partnership. 3. Limited Liability Limited Partnership (LL LP): This partnership structure combines characteristics of a limited partnership and a limited liability company (LLC). All partners, whether general or limited, have limited liability for the partnership's debts and obligations. 4. Family Limited Partnership (FLP): Designed for families, this partnership allows for the transfer and management of family assets while maintaining limited liability for the family members involved. 5. Master Limited Partnership (MLP): Commonly used in the energy sector, this partnership structure allows for the publicly traded ownership of assets, providing investors with the tax benefits of a partnership combined with the liquidity of publicly traded securities. When creating a Rhode Island Sample Limited Partnership Agreement, it is crucial to consult with a qualified attorney familiar with state laws to ensure compliance and the inclusion of relevant clauses specific to the partnership's goals and objectives.

A Rhode Island Sample Limited Partnership Agreement is a legally binding document that outlines the terms and conditions of a partnership between She arson Regional Malls, Inc. and She arson Regional Malls Depository Corp. This agreement establishes the rights, obligations, and responsibilities of each party involved in the partnership. The agreement typically includes key clauses such as the purpose of the partnership, the contributions of each partner, the distribution of profits and losses, the decision-making process, the management structure, and the duration of the partnership. Rhode Island offers various types of limited partnership agreements, and they may differ based on the specific needs and objectives of the parties involved: 1. General Partnership: This type of partnership involves both general partners and limited partners. General partners assume unlimited liability for the partnership's debts and obligations, while limited partners have limited liability and are typically not involved in the day-to-day operations of the partnership. 2. Limited Partnership (LP): In this type of partnership, there are both general partners and limited partners. General partners have unlimited liability, whereas limited partners have liability restricted to their investment in the partnership. 3. Limited Liability Limited Partnership (LL LP): This partnership structure combines characteristics of a limited partnership and a limited liability company (LLC). All partners, whether general or limited, have limited liability for the partnership's debts and obligations. 4. Family Limited Partnership (FLP): Designed for families, this partnership allows for the transfer and management of family assets while maintaining limited liability for the family members involved. 5. Master Limited Partnership (MLP): Commonly used in the energy sector, this partnership structure allows for the publicly traded ownership of assets, providing investors with the tax benefits of a partnership combined with the liquidity of publicly traded securities. When creating a Rhode Island Sample Limited Partnership Agreement, it is crucial to consult with a qualified attorney familiar with state laws to ensure compliance and the inclusion of relevant clauses specific to the partnership's goals and objectives.