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Limited Partner: A limited partner is defined as any partner who, under the terms of the partnership agreement, shall no...
Who is General Partner? Who is called General Partner? Meaning of General Partner?
General Partner: Anyone who is not a limited partner of an LP is a general partner. General partners are regarded in exa...
Minimum partners for LP (Limited Liability) Firm?
At least 2 partners are required; one general partner and one limited partner. There is no maximum limit.
Definition of LP (Limited Partnership)? Meaning of LP (Limited Partnership)?
A partnership consisting of two or more persons, with at least one general partner and one limited partner. General Part...
LP is suitable for? Limited Partnership is suitable for?
Flexibility for allowing a diversification of a portfolio.
Purpose of Limited Partnership (LP)?
It’s often used as investment vehicle for large projects requiring substantial source of cash. It’s also set up to prov...