so i have a legal question for st, its about investments and corporate ownership
Posted by
tRuMaN (aka Truman)
Nov 2 '11, 11:49
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a Corporation is setup to be the 1% general partner, in a partnership which owns low income housing. the other 99% is limited partners how basically buy in for the future losses.
this Coporation has 1 owner, a non-profit.
if the corporation is a separate entity, does the risk of losses/liability pass to the sole owner?
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