Limited Partnership

Limited Partnership - A Limited Partnership is a business entity that consists of one or more General Partners and one or more Limited Partners. The General Partner may be an individual or an entity, such as a corporation. Typically, the General Partners are liable for any and all of the company's financial obligations, while the Limited Partners possess no liability for the company's debts, obligations or actions. General Partners usually possess all the rights and responsibilities of managing the business entity, including all of its activities and financial matters. They also hold general liability for the debts, obligations, and activities of the Limited Partnership.

Class Information

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Identification

Label (rdfs)
Limited Partnership
Preferred Label
None
Alternative Labels
Limited Partnership, LP
Identifier
ENTITY-LP

Definition and Examples

Definition
A Limited Partnership is a business entity that consists of one or more General Partners and one or more Limited Partners. The General Partner may be an individual or an entity, such as a corporation. Typically, the General Partners are liable for any and all of the company's financial obligations, while the Limited Partners possess no liability for the company's debts, obligations or actions. General Partners usually possess all the rights and responsibilities of managing the business entity, including all of its activities and financial matters. They also hold general liability for the debts, obligations, and activities of the Limited Partnership.
Examples
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Translations

de-de
Kommanditgesellschaft
pt-br
Sociedade em comandita
fr-fr
Société en commandite
ja-jp
有限会社
zh-cn
有限合伙

Class Relationships

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Additional Information

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Description
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Deprecated
False

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