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What Is A Limited Partnership? Definition, Pros And Cons What Is a Limited Partnership? A limited partnership (LP) is a business entity with at least one general partner (who has unlimited personal liability) and one limited partner (whose liability is
Limited partnership - Wikipedia A limited partnership (LP) is a type of partnership with general partners, who have a right to manage the business, and limited partners, who have no right to manage the business but have only limited liability for its debts [1]
limited partnership | Wex | US Law | LII Legal Information . . . Limited partnership (LP) is a type of partnership organization that limits the personal liability of some partners In general partnerships, every partner remains personally liable for the debts and obligations of the partnership
What is a Limited Partnership (LP)? Definition, Pros Cons A limited partnership or LP is a type of business structure in which a partnership between two or more parties (whether they’re individuals or institutions) is typified by two distinct partner profiles: general and limited partners
Limited Partnership (LP) - Legal Glossary Definition 101 A Limited Partnership (LP) is a business structure that includes at least one general partner who manages the business and assumes full liability, and one or more limited partners who invest capital but have limited liability and no management control
Limited Partnership Definition and Examples What is a Limited Partnership? A Limited Partnership (LP) is a specific type of business structure that consists of two or more partners with different levels of involvement and liability