Number of visits: More than 10. Weâve been shooting at Back 40 since we started in Sporting Clays, about 2 years ago. They continue to improve the club constantly, and just went to automatic traps on the Green course about a month ago.
The limited partners can only receive liability protection by filing a Certificate of Formation of Limited Partnership with the State of Texas pursuant to Section 3.001 of the TBOC. It is recommended that all limited partnerships have a limited partnership agreement.
1 In a limited partnership, the general partner is normally involved in the daily activities of the enterprise. 2  The general partner's personal assets are not separate from the liabilities of the enterprise and are not protected unless the general partner entity is formed as a corporation or LLC, which is often done.