FAQ

General Partner in the Limited Partnership (LP) firm has unlimited liability whereas the Limited Partner has only limite...

Limited Partnership is not a separate legal entity. The Partners are the owners of the Partnership according to their na...

Limited Partner: A limited partner is defined as any partner who, under the terms of the partnership agreement, shall no...

General Partner: Anyone who is not a limited partner of an LP is a general partner. General partners are regarded in exa...

At least 2 partners are required; one general partner and one limited partner. There is no maximum limit.

A partnership consisting of two or more persons, with at least one general partner and one limited partner. General Part...