Is legally dissolved at the death or withdrawal of a partner unless there is a partnership agreement stating otherwise. Majority rules unless agreement states otherwise. Written partnership agreement Certificate filed with the Connecticut Secretary of the State which sets out the rights and duties of the partners. Limited partner's liability limited to the amount of capital invested in the limited partnership. To insure the limited liability for limited partners, must have at least one general partner who is personally liable.
General partners manage and control the business activities.
Dissolved by the death or withdrawal of a general partner unless specific agreement or unanimous consent of remaining members to continue. The death or withdrawal of a limited partner does not dissolve the limited partnership. Limited Partnership can provide for transfer of limited partnership interests. Partners can sell their interests with the consent of all other partners. Taxed like general partnerships.