278: Listen and Learn -- Partnership Liability

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13d ago 20:39

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Welcome back to the Bar Exam Toolbox podcast! This is the second installment of our episodes on partnerships. In part one, we covered the creation of the three main types of partnerships – general partnerships, limited partnerships, and limited liability partnerships. Today we will focus on the power and liability of partners in a partnership.

In this episode, we discuss:

Authority of partners in a partnership
Liability of partners in different partnership types:
- General partnership
- Limited partnership (LP)
- Limited liability partnership (LLP)
Applying the rules to two hypos from previous California bar exams

Resources:

Download the Transcript (https://barexamtoolbox.com/episode-278-listen-and-learn-partnership-liability/)

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Thanks for listening!

Alison & Lee

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