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.
The general partner(s) is liable for all of the debts and obligations of the partnership or firm; the limited partner(s) contributes a defined amount of capital to the partnership, but is not otherwise liable for its debts or obligations.