Limited partnership

from Wikipedia, the free encyclopedia

A Limited Partnership (abbreviated LP or LP; English for limited partnership ) is an Anglo-Saxon corporate legal form that is comparable to a German limited partnership and consists of at least two partners. The Limited Partnership is a legal form under which many Anglo-Saxon private equity and venture capital companies are run.

The general partner , who also manages the business and represents the company externally, is fully liable in a limited partnership . Investors participate like shareholders or limited partners as limited partners .

Unlike the limited partnership under German law at a Limited Partnership , the co-determination and control rights of the Limited Partners limited. However, in some states of the United States , Limited Partners are allowed to intervene in the management. However, they are then liable with all their assets like a general partner .

See also

Individual evidence

  1. Companies House Limited Partnership Act 1907 . ( Memento of the original from July 23, 2008 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. (English) @1@ 2Template: Webachiv / IABot / www.companieshouse.gov.uk
  2. ^ Government of Scotland (The Scottish Government) Limited partnership consultation published . In: scotland.gov.uk, June 11, 2001 (English).