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Terms Used In North Carolina General Statutes 59-84.3

  • 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.

A registered limited liability partnership‘s name must meet the requirements of N.C. Gen. Stat. § 55D-20 and N.C. Gen. Stat. § 55D-21 (1993, c. 354, s. 5; 1999-362, ss. 6, 8; 2001-358, s. 39; 2001-387, ss. 173, 175(a); 2001-413, s. 6.)