Limited Partnership - Information Change - Oregon (English / Russian)

Limited Partnership - Information Change is a legal document that was released by the Oregon Secretary of State - a government authority operating within Oregon.

FAQ

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.