Partnerships are often divided into the categories of general partnerships and limited partnerships. Many general partnerships are formed without formal structure. Many general partnerships require dissolution agreements at best, and litigation at worst, when the partners disagree.
Limited partnerships involve some partners who run the partnership and have unlimited liability for that which the partnership does; and limited partners whose liability is limited and whose management responsibilities are insignificant, if there are any at all. David Ringer primarily deals with limited partnerships.
