This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.In this episode you will learn:- The structure and purpose of Direct Participation Programs (DPPs).- The definition of pass-through taxation and how it avoids double taxation.- The role and unlimited liability of a General Partner (GP).- The passive nature and limited liability protection of a Limited Partner (LP).- Common exam traps, including how a Limited Partner can lose their liability protection.For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818

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