University of Maryland Extension

limited partnership

Using a Business Organization Structure to Limit Your Farm's Liability

In Maryland, 82.7 percent of agricultural operations conduct business as sole proprietorships (Census of Agriculture, 2012). As agriculture continues to evolve, however, producers should consider investigating all types of business organization structures for their operations to limit liability and...

Family Limited Partnership as a Business Structure?

Photo by Edwin Remsberg This post is not legal advice I’ve written about limited partnerships as a business structure previously, but let's review. A limited partnership is made up of at least one general partner and one or more limited partners. General partners manage the business and take all...
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