Welcome back to the Law School Toolbox podcast! This is the second installment of our episodes on partnerships. Previously, 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://lawschooltoolbox.com/episode-495-listen-and-learn-partnership-liability/)

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Thanks for listening!

Alison & Lee

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The Law School Toolbox Podcast: Tools for Law Students from 1L to the Bar Exam, and Beyond

Listen and Learn -- Partnership Liability

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