Q：
|
What should a limited partnership enterprise with only limited partners do?
|
A：
|
A limited partnership enterprise with only limited partners shall be dissolved.
|
Q：
|
What should a limited partnership enterprise with only general partners do?
|
A：
|
A limited partnership enterprise in which there are only general partners shall be converted into a general partnership enterprise.
|
Q：
|
Can a limited partner be transformed into a general partner?
|
A：
|
Unless otherwise agreed in the partnership agreement, the conversion of a general partner to a limited partner, or the conversion of a limited partner to a general partner, shall be subject to the unanimous consent of all the partners.
|
Q：
|
How do limited partners assume debts of the partnership enterprise after they become general partners?
|
|
A：
|
Where a limited partner is converted into a general partner, he shall bear unlimited joint and several liability for the debts incurred by the limited partnership enterprise during his term as a limited partner.
|
Q：
|
How do general partners assume debts of the partnership enterprise after they become limited partners?
|
|
A：
|
Where a general partner is converted into a limited partner, he shall bear unlimited joint and several liability for the debts incurred by the partnership enterprise during his term as a general partner.
|
FAQ
