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Is Loss Sharing an “Indispensable Essential” of Partnership?

Photo of Peter Mahler
By Peter Mahler on September 6, 2022
Posted in Limited Liability Partnerships, Partnerships

This week’s New York Business Divorce uses a recent decision in a dispute involving a law firm LLP to explore the issue of “sharing of losses” and whether it is an essential element in establishing one’s status as a partner of a partnership. …
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