Goblue10 wrote:My spouse has entered a general partnership with several other family members. I am aware a General Partnership is one of the worst mechanisms for seperating business and personal assets for liability/risk management purposes.
Goblue10 wrote:What did you mean "after you know about a liability"? Does this mean once a negligent act, lien, or judgement has or is about to occur or simply signing on as a general partner?
Goblue10 wrote:I heard the 401k is protected unless there is an IRS lien/judgement or divorce. Is this your understanding?
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