Limited Partnership

Limited Partnership

A limited partnership involves two or more than two partners who jointly conduct and carries out a business. It may involve general partners as well as limited partners. The limited and general partners perform different functions in a limited partnership. They are usually pure investors who do not carry out daily activities compared to the general partners. In a limited partnership, each limited partner is accountable for the amount of money that has been invested by him or her. The partners in a limited partnership are not liable to receive dividends, however, they are allowed to enjoy ...