Google Answers: LAWS OF A CALIFORNIA LIMITED PARTNERSHIP

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Q: LAWS OF A CALIFORNIA LIMITED PARTNERSHIP ( No Answer, 1 Comment )

Question

Subject: LAWS OF A CALIFORNIA LIMITED PARTNERSHIP
Category: Business and Money > Small Businesses
Asked by: 1897305-ga
List Price: $20.00

Posted: 15 Apr 2006 19:33 PDT
Expires: 15 May 2006 19:33 PDT
Question ID: 719337

IS IT LEGAL FOR A CORPORATION TO BE THE GENERAL PARTNER OF A LIMITED
PARTNERSHIP?  IF SO, ARE THE DIRECTORS INDIVIDUALLY AND SOLELY ALSO
GENERAL PARTNERS AND IS THAT ALSO TRUE FOR THE INDIVIDUAL SHAREHOLDERS
OF THE CORPORATION?

Answer

There is no answer at this time.

Comments

Subject: Re: LAWS OF A CALIFORNIA LIMITED PARTNERSHIP
From: redfoxjumps-ga on 15 Apr 2006 21:22 PDT

Public Storage the mini storage company was built that way.  I doubt
they are a California Corp.

As you know the purpose of a corporation is limit the risk of the investors.

Did you get burned in a limited partnership investment? 

Do you still have the offering circular or the "red herring" ?

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