limited partnership
- A business structure where one or more partners, known as limited partners, have limited personal liability for partnership debts, while another partner or partners, known as general partners, face unlimited personal liability. The operation of the business is only managed by the general partners
- The limited partnership allowed investors to contribute without having to make daily business decisions.
- In this limited partnership, John could be a silent investor without the risk of unlimited liability.
- With her role as a general partner in their limited partnership, Mia was responsible for running the business.
Provide Feedback
