Definition:A limited partnership (LP) is a partnership that has both general and limited partners. An LP must have at least onegeneral partnerand can have an unlimited number oflimited partners. What Does LP Mean? Contents[show] The general partner assumes all management and responsibilities of ...
Define Domestic limited liability limited partnership. means a domestic limited partnership that is registered as a limited liability limited partnership under section 7-60-144 or 7-64-1002.
Definition:Limited partners are partners in a partnership who have no personal liabilities tied to the business beyond their original investment. In other words, limited partners are protected from third party creditors and plaintiffs because they have alimited liabilitystake in thepartnership. ...
Limited Partnership Definition A limited partnership is a business structure often used in investment real estate. It involves one partner whose liability is limited by their invested capital and another partner whose liability extends beyond their monetary investment[1]. ...
Legal Definition limited liability partnership see partnership Love words? Need even more definitions? Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Merriam-Webster unabridged Can you solve 4 words at once? Play ...
Define DevCo Agreement of Limited Partnership. means, as applicable, (a) that certain Agreement of Limited Partnership of DevCo I (as the same may be amended or restated from time to time), (b) that certain Agreement of Limited Partnership of DevCo II (a
Kids Definition limited adjective lim·it·ed 1 : held within limits 2 : having constitutional limitations placed on the exercise of power a limited monarchy limitedly adverb limitedness noun More from Merriam-Webster on limited Nglish: Translation of limited for Spanish Speakers...
A definition for the term "limited partnership," is presented. It refers to a registered business in which the liability of the partners is limited to the amount of capital they have each provided for the business.EBSCO_bspBloomsbury Business Library Business & Management Dictionary...
General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest. General Partner Units has the meaning assigned to such term in the Partnership Agreement. Initial Limited Partner has the meaning set forth in the Preamble. Initial Limited Par...
Define limited partnership. limited partnership synonyms, limited partnership pronunciation, limited partnership translation, English dictionary definition of limited partnership. n. A business partnership in which the liability of some of the partners i