General partners liability's call

Limited partners shielded from the fall

LLPs arise a modern trend

Protecting partners till the very end

Partnerships form a legal bond

Profits and losses shared beyond

RUPA's guidance a steady hand

In the world of business across the land

Intent to carry on a business so grand

Co-owners unite a powerful stand

Partnership agreements written or implied

Governing relations where trust resides

Partnerships form a legal bond

Profits and losses shared beyond

RUPA's guidance a steady hand

In the world of business across the land

General partners with management's sway

Ordinary course where decisions hold sway

Authority to bind a partner's role

Unless the act transcends the soul

Partnerships form a legal bond

Profits and losses shared beyond

RUPA's guidance a steady hand

In the world of business across the land

Limited partners with limited sway

No personal liability come what may

Rights to information a watchful eye

But management's realm they can't deny

Partnerships form a legal bond

Profits and losses shared beyond

RUPA's guidance a steady hand

In the world of business across the land

Transfer of property a careful deed

Partnership's name or partner's creed

Rights and duties a delicate dance

Profits and losses shared by chance

Partnerships form a legal bond

Profits and losses shared beyond

RUPA's guidance a steady hand

In the world of business across the land

Dissociation's call a partner's plight

Dissolution follows with winding up's light

Causes and consequences a legal maze

Partnerships unravel in a winding haze

Partnerships form a legal bond

Profits and losses shared beyond

RUPA's guidance a steady hand

In the world of business across the land

Limited partnerships a specialized breed

Formation and rights a different creed

General partners lead with liability's hold

Limited partners invest their stories told