...This chapter examines fiduciary principles in the context of unincorporated business entities, specifically general partnerships, limited partnerships (LPs), limited liability companies (LLCs). It begins with an overview of the sources of law that govern unincorporated business entities, covering...

... be recognized as “discretionaries.” fiduciaries discretionaries general partnerships limited partnerships limited liability companies partners LLC managers LLC members This chapter principally addresses fiduciary duties in unincorporated business enterprises, including partnerships and limited liability...