Sec. 201. Partnership as entity.
42 words·~1 min read·
/il/chapter-805/act-206/201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 201. Partnership as entity.
(a)A partnership is an entity distinct from its partners.
(b)A limited liability partnership continues to be the same entity that existed before the filing of a statement of qualification under Section 1001 of this Act.