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