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2. Limited liability partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_partnership

   Limited liability partnerships emerged in the early 1990s: while only two states allowed LLPs in 1992, over forty had adopted LLP statutes by the time LLPs were added to the Uniform Partnership Act in 1996. [22] The limited liability partnership was formed in the aftermath of the collapse of real estate and energy prices in Texas in the 1980s.

3. Shotgun clause - Wikipedia

   en.wikipedia.org/wiki/Shotgun_clause

   A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s ...

4. Dissolution (law) - Wikipedia

   en.wikipedia.org/wiki/Dissolution_(law)

   Dissolution of a partnership is the first of two stages in the termination of a partnership. [1] "Winding up" is the second stage. [1] [2] Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage only if the husband or wife does not agree. If the husband and ...

5. 4 Times a Real Estate Partnership May Make Sense - AOL

   www.aol.com/4-times-real-estate-partnership...

   Real estate limited partnership (RELP): A more specific form of an LP, this partnership involves partners investing in real estate projects, with general partners managing the property and limited ...

6. Is a Real Estate Limited Partnership (RELP) a Good ... - AOL

   www.aol.com/finance/real-estate-limited...

   A real estate limited partnership (RELP) is a specialized investment structure comprising general partners responsible for actively managing a property, and limited partners or passive investors ...

7. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   For some business ventures, such as real estate investment, each property can be owned by a separate LLC, thereby shielding the owners and their other properties from cross-liability. [ 41 ] Flexible membership: Members of an LLC may include individuals, partnerships, trusts, estates, organizations, or other business entities, [ 42 ] and most ...