A partnership composed of some partners whose contribution and liability are limited. There must always be one or more general partners with unlimited liability and one or more limited partners with limited liability. A special partnership composed of limited and general partners. The general partners have unlimited liability and total management, whereas the limited partners have to voice in the management and their only financial exposure is to the extent of their investment. In some ways the limited partners' interest is similar to that of stockholders in a corporation. Back to the Top

Partnership which has one or more limited partners as well as one or more general partners

A partnership consisting of general partners and limited partners. The general partners manage and direct the affairs of the partnership and are fully liable to third parties. Limited partners legally may not actively manage or direct the affairs of the partnership, but in exchange their liability is limited to the amount of their investment in the limited partnership.

partnership that limits each part ner to the share of his or her investment. [D02957] PMDT

Most private equity firms structure their funds as limited partnerships. Investors represent the limited partners and private equity managers the general partners.

The legal structure of many venture capital firms. It protects the investors in the fund from legal responsibility for things the fund managers might do. It also protects the partners by interference by investors for the duration of the fund, typically 10 years.

a partnership where one or more of the partners liability is limited to their capital input.

A partnership consisting of one or more general partners who are jointly and severally responsible, and one or more special partners (limited) who are not liable for the debts of the partnership beyond their original financial commitments. To be effective, strict compliance with the law is required.

A type of partnership with general partners and limited partners. Limited partners are liable only to the extent of money invested in the partnership

Structure of business that allows one or more partners to have unlimited personal liability for partnership debts while another partner or partners have limited personal liability.

A partnership with at least one general partner and at least one, often more, limited partner(s). The general partner has unlimited liability for the debts of the partnership, but the limited partners are only liable to the extent of their investment in the partnership.

An ownership entity used to limit liability for most of its partners. One or more partners are designated as general partners, who manage the daily operations of the partnership, and have unlimited liability for the debts of the entity. Conversely, the limited partners are only liable for their capital contributions. Similar to a Partnership, no tax is assessed at the entity level.

A partnership in which some, but not all, of the partners have limited liability from creditor claims. There must be at least one general partner in a limited partnership. The limited partners contribute capital and share in the profits and losses, but they do not take part in running the business.

A limited partnership refers to an unincorporated association in which the limited partners are liable only for the amount of their individual contributions, and taxes on earnings are levied only on partners, in a way different from a joint-stock company. The limited partnership system has been established as a legal framework for supplying funds to companies that seek to press ahead with restructuring through steps such as corporate buyouts and entering into new businesses, and for investing in a wide range of businesses, including commodities and real estate. Limited partnerships are usually composed of people who have rich business experience and know-how. Their involvement in the management of firms in which they invest can increase the companies' corporate value and raises the probability that the firms will generate good earnings. Thus far, however, the system has not spread in Japan because the lack of detailed legal regulations leaves investors reluctant to form such associations.

A legal entity set up to hold assets and limits liability for limited partners

A partnership with at least two classes of partners. It requires the existence of at least one general partner.

A partnership arrangement in which the liability of one or more partners is limited to the amount of assets invested in the firm.

A form of business ownership that consists of one or more general partners who are fully liable, and one or more limited partners who are liable only for the amount of their investment.

A partnership in which the general partner manages the partnership's activities and is solely liable for them. The limited partners are liable only to the extent of their contributions.

a legal entity composed of a general partner and various limited partners. The general partner manages the investments and is liable for the actions of the partnership while the limited partners are generally protected from legal actions and any losses beyond their original investment. The general partner receives a management fee and a percentage of profits (see Carried interest), while the limited partners receive income, capital gains and tax benefits.

This his how many hedge funds are structured. Which are business entities managed by one or more GP's who are liable for the funds debts and obligations.

Organisation made up of a General Partner, who manages a project, and limited partners, who invest money but have limited liability, are not involved in day-to-day management, and usually cannot lose more than their capital contribution.

A form of business organization that offers limited liability to the investors who become limited partners. The word limited refers to the limited control and liability each partner has over the business of the partnership. In general partnership tax liabilities ‘flow through’ to the partnership and the limited partners are often referred to as ‘passive’ investors. Expenses are deducted prior to profit distributions to the Limited Partners, and these expenses should be monitored by the Limited Partners like any ‘net’ investment should be. Losses in a passive investment must be deducted from passive gains. The excess losses may be written off in the amount of $3,000 a year, but may be carried forward to subsequent years. Limited partnerships are often used for research and development, real estate and oil and gas investments. The General Partner must supply the name of the other Limited Partners to any Limited Partner who requests the list.

a bit more complicated (and expensive) to start than a general partnership

a business arrangement whereby the operation is administered by one or more general partners and funded, by and large, by limited or silent partners, who are by law responsible for losses only to the extent of their investments

a business entity that is formed by a state filing much like a corporation or limited liability company

a business form in which, by complying with certain statutory requirements, one or more of the partners has only limited liability for partnership debts and obligations

a business of one or more general partners who have unlimited liability and one or more limited partners who are liable only to the extent of their contribution to the partnership

a business owned by two or more individuals or other business entities in which at least one of the partners has limited liability protection

a business vehicle with at least one general partner and one limited partner

a business venture that has three key features,

a business with at least one general partner and one or more limited partners

a citizen of every state of which its general or limited partners are citizens

a classical corporate structure with at least one partner having total liability for all the partnership's debts

a company in which two or more legal or natural persons operate under a common business name

a contractual association consisting of one or more general partners and one or more limited partners

a fairly simple business form in which there are one or more general partners and one or more limited partners

a form of business entity that consists of at least one general partner and one limited partner

a form of business organization that offers some of the partner's limited liability

a group of passive investors, called limited partners, who share in the profits of the partnership and have limited liability for the debts and obligations of the partnership

a legal entity created by making application to the State of North Carolina

a legal entity designed to carry on a business, which is comprised of one or more general partners and one or more limited partners

a legal entity established by one or more general partners and one or more limited partners on the basis of a partnership agreement

a little better in that the limited partners are not liable for partnership debt and only their investment is at risk

an arrangement where a person can contribute to a business without being involved in the affairs of the partnership

an arrangement where a person or company invests in an unincorporated business and still gains limited liability protection

an association of general and limited partners functioning under a common name of the enterprise

an association of two or more owners, having two classes of ownership - general partners and limited partners

an association of two or more persons with one or more limited partners and one or more general partners

an entity distinct from its partners

an entity with one or more general partners and one or more limited partners

an investment vehicle that consists of two or more people who jointly own and operate a business or investment for profit

a particular form of partnership that gives investors special tax advantages and protection from liability

a partnership consisting of one or more general partners who are the sole persons authorized to administer and bind the partnership, and of one or more special partners who are bound to furnish a contribution to the common stock of the partnership

a partnership consisting of two classes of partners, general partners and limited partners

a partnership that consists of a General Partner--usually the developer, and in this case, the LRA--and Limited Partners who invest for return (cash flow) and tax benefits

a partnership that gives its limited partners responsibilities similar to those given to shareholders of a corporation

a partnership that has at least one limited partner and one general partner

a partnership that requires only one partner to assume personal liability for the business's liabilities (the general partner)

a partnership where only general partners may run the business, while limited partners cannot perform any management functions

a partnership which, in addition to its general partners, has one or more limited partners who are not bound by the obligations of the partnership

a partnership with one or more active partners, and one or more passive partners

a partnership with two types of partners namely, general partners who are liable personally, jointly, and severally and limited partners who are only liable to the extent of their contribution

a practical form of organization for a pooled investment where the investors would not normally participate in the control of the investment

a similar business arrangement with one significant difference

a similar entity to a General Partnership, however, the Limited partners are not liable for partnership debt and only their investment is at risk ie debts are not guaranteed by their personal assets

a special form of partnership created by filing a certificate of partnership with the Delaware Secretary of State

a special form of partnership that is not usually used for small businesses

a specialized form of general partnership

a specialized form of partnership in which at least one partner is a general partner (with personal unlimited liability) and one is a limited partner (with limited rights and liabilities)

a special type of partnership which has at least one general partner and at least one limited partner

a special type of trading partnership, where there are partners who are only responsible for the capital they have invested in the company

a specific type of partnership that is slightly different from the norm

a standard way to obtain funds by setting you up as a general partner who assumes all the financial risk

a variant of an ordinary partnership

a variation of a general partnership

A partnership having a General Partner who manages the partnership's investments and bears unlimited liability, and Limited Partners who have no management control and whose liability typically is limited to the amount of their investment.

A partnership with at least one general partner in which limited partners can purchase interest and be held liable only to the extent of their interest and not risk personal liability.

Form of partnership composed of both a general partner(s) and a limited partner(s); the limited partners have no control in the management of the company and are usually financially liable only to the extent of their investment in the partnership.

investment partner sharing limited liability and having no managerial functions, while receiving some return on investment

A partnership that is managed by a general partner, and financed by investments from other limited partners. The liability of the limited partners is limited to the amount they have invested in the partnership.

An investment fund in which the investors, known as the limited partners, do not participate in the management of the fund and have their liability limited to the capital invested.

A legal fund structure most frequently used by Private-Independent Funds to raise capital from external sources, such as institutional investors. The primary relationship in this structure is the general partner (the fund manager) and the limited partner (the capital source).

Investors who pool their money to develop or purchase income-producing properties. Income from these properties is distributed as dividend payments. In a limited partnership, each limited partner’s liability is limited to the amount of his or her investment. A limited partner only contributes money and is not actively involved in the business. A limited partnership must have one general partner, who is personally liable for all debts.

Form of business organization made up of a general partner who manages the day-to-day operation, and limited partners who supply the money to run the business and receive profits.

Limited partners are investors that commit capital but are not actively involved in the management of the investments and whose liability is limited to the amount committed to the partnership.

A partnership in which there is one general partner and one or more limited partners. The limited partners are liable only to the extent of their capital contribution to the partnership. The general partner has unlimited liability.

A partnership in which the duties and obligations of the partners are divided between "general partners" and "limited partners."

A partnership in which there are two classes of investors: limited partners and general partners. Normally, the general partners promote, build, develop, or manage the partnership, while the limited partners are primarily investors. Earnings and losses are not taxed to the partnership as an entity; rather, they are passed through to the partners and taxed accordingly. Limited partners have limited liability for partnership debts.

a partnership composed of at least one or more limited partners and at least one general partner

A form of business organization in which one or more of the partners is liable only to the extent of the amount of dollars each has invested. Limited partners are not involved in management decisions, but do enjoy direct flow-through of income and expenses.

A limited partnership is a partnership created under the limited partnership laws of each state. A limited partnership has both general partners and limited partners. The limited partners do not participate in the management of the partnership and, thus, are not subject to the claims of the creditors of the limited partnership. On the other hand, the general partners of a limited partnership are subject to the claims of the creditors of the limited partnership. The general partners generally have the ability to control the operations of the partnership, as well as the amount, if any, of any distributions to the limited partners. In addition, partnership agreements often restrict the ability of a limited partner to sell or otherwise transfer his or her interest in the limited partnership.

A partnership composed of a limited partner(s) and a general partner(s). The limited partner(s) contributes capital but is not liable for any debts of the partnership, nor can they manage or control the partnership.

A partnership in which individuals known as "limited partners" have no management role, but receive periodic income and are personally liable for partnership debts only to the extent of their individual investment.

A business arrangement with two classes of partners, those who manage the operations of the business, and those who only invest and have limited liability.

A legitimate partnership, where its owners are allowed to undertake responsibilities only in accordance with the investments made by them. The essence of limited partnership is that some investors can invest money into a company, not participating directly in its activity and do not bear any direct responsibility for all the debts of other partners, exceeding the invested sum.

A business arrangement in which the day-to-day operations are controlled by one or more general partners and funded by limited or silent partners who are legally responsible for losses based on the amount of their investment.

A partnership consisting of a general partner or partners and limited partners in which the general partners manage and control the business affairs of the partnership while limited partners are essentially investors taking no part in the management of the partnership and having no liability for the debts of the partnership in excess of their invested capital.

A partnership in which there is at least one "limited partner" and at least one "general partner" (see Limited Partner.)

One or more "general" partners run the business while "limited" partners contribute capital and share in the profits. General partners remain personally liable for partnership debts and risks while limited partners incur no liability with respect to partnership obligations beyond their capital.

A partnership that includes one or more partners whose maximum financial losses are limited to what they have each invested in the business.

A type of partnership comprised of one or more general partners who manage the business and who are personally liable for partnership debts, and one or more limited partners who contribute capital and share in profits but who take no part in running the business and incur no liability with respect to partnership obligations beyond contribution.

An ownership entity used to limit liability for most of its partners and avoid Double Taxation. One or more partners, designated as general partners, manage the partnership's daily operations and have unlimited liability for the entity's debts while the limited partners are only liable for their capital contributions. See Partnership.

A form of partnership that consists of one or more general partners, who actively engage in the business, and one of more special partners, who are not liable for the debts of the partnership beyond their initial financial contribution. Commercial insurance policies usually differentiate in the "Who Is Insured" section between corporations, partnerships, and other business models. Therefore, the type of model being insured is important.

A special type of partnership with one or more general partners who manage the business and are responsible for its debts, and one or more limited partners who take no part in its management and are not responsible for its debts.

A partnership formed by a general partner (who usually provides management expertise) and one or more limited partners (whose liability is limited to the amount invested) to engage in a financial venture.

A type of legal entity created by statute. It consists of a general partner(s) who is responsible for the operation and management of the business and a limited partner(s) who does not participate in the management and control of the partnership. The limited partner in exchange for giving up management and control of the partnership is not liable for the debts of the partnership.

A partnership that is composed of one or more persons who control the business and are personally liable for the partnership’s debts (General Partners) and one or more other persons who contribute capital and share profits but cannot manage the business and are only liable for the amount of their investment (Limited Partners).

A partnership with two classes of partners: Limited partners and one or more General partner. Limited partners have no personal liability for debts of the limited partnership beyond the amounts invested.

A partnership that consists of at least one general partner who is fully personally liable for the debts of the partnership, and one or more limited partners who are each liable only for the amount of their own investment.... read full article

A partnership with one or more General Partners and one or more Limited Partners. The General Partner is the "manager" of the business and assumes all of the liability risk for the operation. The Limited Partners are actually "investors" who are allowed to have little, or no, active participation in the operations and have "liability" for partnership debts and losses only to the extent of their contributions. The General Partner receives compe nsation for services while the Limited Partners receive a share of the net income/loss (as their return on investment).

one in which there is at least one partner who is passive and limits liability to the amount invested, and at least one partner whose liability extends beyond monetary investment.

A partnership with two kinds of partners: limited partners, who provide financial backing and have little role in management and no personal liability, and general partners, who are responsible for managing the entity and have unlimited personal liability for its debts.

an ownership entity consisting of at least one general partner and at least one limited partner. Though both partners share in the ownership, the general partner takes on management and liability responsibilities, while the limited partner invests capital into the partnership's purpose (in this case a tax credit project) and receives the majority of the profits from the project.

A legal partnership where some owners are allowed to assume responsibility only up to the amount invested.

A type of partnership, created under state law, comprised of one or more general partners who manage the business and who are personally liable for partnership debts, and one or more special or limited partners who contribute capital and share in profits but who take no part in running the business and incur no liability over and above the amount contributed. See also " General Partner".

Consists of one or more general partners as well as limited partners. The business is administered by the general partners and funded, for the most part, by limited or silent partners. Each limited partner can be held liable for business losses only to the extent of his or her investment. ( See general partner , partnership , passive income ) Uniform Limited Partnership Act —Full Text

A legal entity set up to hold assets. This allows limited liability with majority control.

Association of companies or individuals that has one or more limited partners and one or more general partners.

A partnership in which at least one partner has general liability and at least one of the other partners has limited liability.

An organization made up of a general partner, who manages the partnership, and limited partners, who invest money but have limited liability to the organization's creditors.

A partnership that, under state law, is permitted to have partners that are not liable for the partnership's torts and contractual obligations.

Limited partnerships pool the money of investors to develop or purchase income-producing properties. When the partnership subsequently receives income from these properties, it distributes the income to its investors as dividend payments.

Arrangement in which at least one partners liability extends beyond monetary investment and one partner is passive and limits liability to the amount invested.

A statutory form of partnership consisting of one or more general partners who manage the business and are liable for its debts, and one of more limited partners who invest in the business and have limited personal liability.

A partnership consisting of one or more general partners who conduct the business and are responsible for losses, and one or more special partners, contributing capital and liable only to the amount contributed.

Tax entity formed by individual investors to shelter personal income. Often used to finance leasing operations. One existing under statute which has general and limited partners. The general partners actually conduct the business and have the full liability of partners. The limited partners take no part in the business but merely invest capital, and their liability is limited to the amount they invested. Business names identify themselves as being limited by either the LTD. Or Limited written after the name.

A business partnership consisting of one or more general partners and one or more limited partners. A limited partner contributes capital to the business, but has no active, hands-on control or management of the business and is generally liable for partnership indebtedness only to the amount of his or her capital contribution.

A partnership which offers some protection to its partners against liability.

A Hybrid form of organization consisting of general partners who have unlimited liability for the partnership's debts, and limited partners, whose liability is limited to the amount of their investment

A Partnership composed of one or more general partners and one or more limited partners, whose contribution and liability are limited.

An association of two or more partners formed to conduct a business jointly and in which one or more of the partners is liable only to the extent of the amount of money they have invested. Limited partners do not receive dividends but enjoy direct flow-th

A business that is owned by two or more persons of which one or more is liable for the debts of the business and one or more ahas no liability for the debts

A partnership comprised of limited partners who put up the cash with which to purchase an investment property and one or more general partners who manage and operate the investment property.

A partnership with one or more general partners, who provide cash or property and management services, and one or more limited partners, who provide only cash or property. The liability of limited partners is limited to the amount of their investment in the partnership; because of this status, they have no right of control over the business. Also see “Corporation,” “Limited liability company,” “Partnership,” “Sole proprietorship,” and “Subchapter S corporation.

Real estate syndicates and other investment groups use this type of ownership.. A general partner makes the group's investment decisions, oversees the investment and is principally liable for any losses.

The legal structure used by most venture and private equity funds. The partnership is usually a fixed-life investment vehicle, and consists of a general partner (the management firm, which has unlimited liability) and limited partners (the investors, who have limited liability and are not involved with the day-to-day operations). The general partner receives a management fee and a percentage of the profits. The limited partners receive income, capital gains, and tax benefits. The general partner (management firm) manages the partnership using policy laid down in a Partnership Agreement. The agreement also covers, terms, fees, structures and other items agreed between the limited partners and the general partner.

A non-taxable business entity used primarily in D.P.P.'s. Each investor is responsible for the taxes on their portion of the business' income or loss. See: Direct Participation Program.

A business organization with a general partner who is responsible for managing the business and assumes legal debts and obligations, and one or more limited partners who do not participate in day -to -day operations and are liable only to the extent of their investments.

A type of business where owners assume responsibility for only up to the amount they invested.

A type of investment program in which general partners manage investment properties and limited partners (who purchase equity units in the program) have limited liability but no management control. Losses from limited partnerships are passive losses and cannot be deducted except to the extent that they offset other passive gains.

A partnership made up of one or more general partners who manage the business and are personally liable for its debts, and one or more limited partners who contribute capital and share in the profits, but who take no part in running the business and have no liability with regard to partnership debts beyond their capital investment.

A partnership comprised of one of more general partners and one or more limited partners. The general partner actively manages the business of the partnership and is fully liable for the claims of the business' creditors. The limited partners do not participate in the daily management of the business; exposure to both general and limited partners to the claims of the business' creditors is generally limited to respective investments in the business.

Many hedge funds are structured as limited partnerships, which are business organizations managed by one or more general partners who are liable for the fund's debts and obligations. The investors in such a structure are limited partners who do not participate in day-to-day operations and are liable only to the extent of their investments.

In a limited partnership there must be at least one general partner fully liable for the obligations of the firm and one limited partner who must, on entering the partnership introduce a sum of money or property of a stated value. His liability is then confined to the amount of his original contribution and he cannot bind the firm nor can he take part in its management. All limited partnerships must be registered with the Registrar of Companies and in default is deemed to be a general partnership.

An ownership arrangement consisting of general and limited partners. General partners manage the business and assume full liability for partnership debt, while limited partners are passive and liable only to the extent of their own capital contributions.

A business or investment where limited partners provide capital, share in profits, have limited legal liability, and leave the management of the business to general partners. Can be tradable and listed on an exchange, packaged and sold by brokers and not exchange tradable, or tradable to other partners only. REITS (real estate investment trusts) are popular LPs. Most LPs provide both income and appreciation. Some are highly liquid and others not.

A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability.

A partnership in which the business is managed by one or more general partners and is provided with capital by limited partners who do not participate in management but who share in profits and whose individual liability is limited to the amount of their respective capital contributions.

A form of business entity which is comprised of one or more general partners and one or more limited partners. The general partner is responsible for managing a partnership's affairs and has unlimited liability. The limited partners are passive investors, do not participate in ongoing management, and have liability that is limited to their capital contributions. Limited partnerships are finite-life "pass-through" entities and are not subject to federal income taxation.

partnership that includes one or more partners who have limited liability.

An association of two or more persons who operate and manage a business for profit; at least one the partners does not work in the business but does have some management voice and financial investment. The limited partner has limited liability.

A partnership in which at least one of the partners is a general partner who conducts the business and has personal liability for the partnership debts, and at least one of the other partners is a special partner who shares in the profits and losses but their liability is limited to the sum they contribute to the partnership.

A partnership formed by two or more persons having as members one or more general partners and one or more limited partners.

PARTNERSHIP in which one or more partners, but not all, have limited liability to creditors of the partnership.

A partnership with two types of partners. General partners manage the partnership and are liable for any debts of the partnership in excess of the partnership assets. Limited partners have no personal liability for debts of the limited partnership beyond the amounts invested.

A special type of partnership which is very common when people need funding for a business, or when they are putting together an investment in a real estate development.

Organization that consists of a general partner and limited partners. The general partner manages one or more projects for which the organization was formed. Limited partners invest money into the project; their risk is usually limited to the amount that they invested, and they do not have any day-to-day responsibilities of running the partnership. Limited partners typically receive income, capital gains, and tax benefits while the general partner collects fees and a percentage of capital gains and income. Common limited partnerships are in real estate, oil and gas, and equipment leasing, but there are other kinds of projects. See: Capital Gain; General Partner; Income Limited Partnership; Limited Partner; Venture Capital Limited Partnerships

A partnership consisting of one or more general pa... Add a comment

Partner that invests in a business and receives a share of the profits (or losses). Apartner's liability is limited by the amount of his or her investment. Alimited partner does not have any management authority in the operation of the business; the role is purely that of an investor.

An organization managed by a general partner and financially backed by limited partners, offering limited liability to the extent of the amount invested by each individual limited partner. A limited partner does not supervise the daily operations or directly manage the partnership.

master limited partnership mezzanine financing

A business that is managed by a general partner, and financed by a limited partner’s investments. The liability of the limited partner is limited to the amount they have invested in the partnership.

A partnership having two types of partners: (1) limited partners contribute assets to the company without participating in management and (2) general partners manage the company and are responsible for all debts.

A partnership containing certain partners that have limited liability (exposure) within the partnership.

A partnership consisting of one or more general partners and limited partners. The general partner manages the business, while the limited partner(s) contribute(s) cash. The limited partner's liability is limited to the amount he or she has invested.

A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs).