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2. Shotgun clause - Wikipedia

   en.wikipedia.org/wiki/Shotgun_clause

   A shotgun clause (or Texas Shootout Clause [1]) is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders' agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder to offer a specific price per share for the other shareholder(s ...

3. Limited liability partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_partnership

   Limited liability partnerships emerged in the early 1990s: while only two states allowed LLPs in 1992, over forty had adopted LLP statutes by the time LLPs were added to the Uniform Partnership Act in 1996. [23] The limited liability partnership was formed in the aftermath of the collapse of real estate and energy prices in Texas in the 1980s.

4. Dissolution (law) - Wikipedia

   en.wikipedia.org/wiki/Dissolution_(law)

   Dissolution of a partnership is the first of two stages in the termination of a partnership. [1] "Winding up" is the second stage. [1] [2] Dissolution may also refer to the termination of a contract or other legal relationship; for example, a divorce is the dissolution of a marriage only if the husband or wife does not agree. If the husband and ...

5. Texas Rangers ending partnership with Bally Sports ... - AOL

   www.aol.com/texas-rangers-ending-partnership...

   Bally Sports and its parent company, Diamond Sports Group, announced in a court filing on Nov. 9th that they had reached an agreement with their creditors to resolve any remaining issues for the ...

6. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   The default tax status for LLCs with multiple members is as a partnership, which is required to report income and loss on IRS Form 1065. Under partnership tax treatment, each member of the LLC, as is the case for all partners of a partnership, annually receives a Form K-1 reporting the member's distributive share of the LLC's income or loss ...

7. Limited partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_partnership

   A limited partnership (LP) is a type of partnership with general partners who have a right to manage the business and limited partners who have no right to manage the business but have only limited liability for its debts. [1] Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability.