Law Office of David M. Goldman PLLC represents individuals and Florida Businesses in Jacksonville and the surrounding areas in Florida Business law and Florida Business Formation. Our Florida Business Attorneys and Florida Business Lawyers work with clients in to help them choose the correct entity to use when conducting business.
A Florida General Partnership is a business entity with two or more owners. The owners share the profits and losses. Each owner has the authority to bind the others to transactions and liabilities. Like the Florida Sole Proprietorship, the profits and losses of the business are considered that of the owners. Each partner reports their percentage of profit or loss of the business activity on their personal tax returns to the IRS.
Like the Florida Sole Proprietorship, there is no protection of one's personal assets from the potential liabilities of the Florida General Partnership
If you need help with starting or managing a Florida Business CONTACT our Florida Business Lawyers by email or call us at 904-685-1200 to discuss your situation today.