Question 1
Subject:ManagementPrice: Bought3
Question 1.0: Assume a jurisdiction that has adopted the Revised Uniform Partnership Act (RUPA 1994) as set forth in your textbook. Artemis, Athena and Hephaestus form a general partnership and name it The Parthenon. They decide to convert to a limited liability partnership because they fear product liability from various services they sold to consumers. Can The Parthenon convert to an LLP in California? Assuming they can convert, what effect will the conversion have on liabilities incurred before the conversion?
