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Partnership Agreement Template Indiana

The types of partnerships offered in Indiana are compared below, with information highlighting differences in liability and tax considerations. Personal responsibility is the other important topic to consider when starting a business. Personal liability is related to the personal liability of the owners of the company`s debts and obligations. Some partnership structures offer their owners liability protection that allows them to protect their personal property from the business. For example, if your partnership loses a lawsuit and has to pay for a large transaction, personal liability will help protect your home, money, and transaction savings. .

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