Can someone please help me. I own a retailing business with my partner, as a Limited Liablility Partnership. Originally my partner, about a year and a half ago, was the sole proprietor of the business. She bought the business with the help of an investor. A contract was signed by my partner to pay back the investor by making monthly installments. I would like to know that since signing on as a LLP this past year, if I am now also responsible for reimbursing the note to the investor, even if I originally did not sign the contract. Prior to when the LLP was established, am I also liable for any or all debts incurred from the time that I did sign on as a LLP. If I am not obligated to reimburse the note and I no longer want to be in the LLP, what is my legal rights to sell my half or have may partner buy me out. Is my 50% of the business valued more, if I am not indebted to the note.