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Terms Used In Kansas Statutes 17-7922

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

The name of a limited liability partnership must end with “registered limited liability partnership,” “limited liability partnership,” “R.L.L.P.,” “L.L.P.,” “RLLP” or “LLP.”

This section shall take effect on and after January 1, 2015.