Limited Partnership - Information Change is a legal document that was released by the Oregon Secretary of State - a government authority operating within Oregon.
Q: What is a limited partnership?
A: A limited partnership is a type of business structure that includes both general partners and limited partners.
Q: What is the difference between a general partner and a limited partner in a limited partnership?
A: A general partner is responsible for managing the business and has unlimited liability, while a limited partner has limited liability and does not participate in the day-to-day management.
Q: What is limited liability in a limited partnership?
A: Limited liability means that the personal assets of the limited partners are protected from the business debts and liabilities.
Q: What are the advantages of a limited partnership?
A: Some advantages of a limited partnership include limited liability for limited partners, flexibility in management, and potential tax benefits.
Q: How can I change the information of a limited partnership in Oregon?
A: To change the information of a limited partnership in Oregon, you will need to file the necessary documents with the Oregon Secretary of State. Contact their office for specific requirements and instructions.
Form Details:
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Oregon Secretary of State.