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Limited partnership

• A partnership with one or more general partners with unlimited legal liability and one or more limited partners with legal liability limited to the amount they have invested in the business. The limited partners are silent' in that their financial investment in the business is the total extent of their involvement with the business.

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

 
 Embedded terms in definition
 General partner
Liability
Limited liability
Limited partner
Partnership
 
 Related Terms
 Cost of limited partner capital
General partnership
Limited liability
Limited liability instrument
Limited partner
Limited tax general obligation bond
Master limited partnership
Partnership
Partnership agreement
Real estate limited partnership

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