Family Limited Partnerships in Florida
Florida limited partnership lawsuits, understanding the different legal actors.
Are you involved in a Florida Limited partnership? If you’re involved in a partnership in Florida, you have rights as a limited partner, or as a general partner. A general partner is usually somebody who’s entrusted to manage the property that’s in the partnership, manage the partnership.
The limited partner, even though they may be outvoted or may not have a vote, still has rights in a Florida partnership. Understanding what obligations your general partner and your other partners owe to you as a limited partner is an important thing.
If you’re involved in Florida limited partnership lawsuits, understand what your rights are. Remember, if you don’t raise your rights or assert them in a timely manner, you can lose your rights.