limited partnership (redirected from Societe en Commandite)

Limited partnership

A partnership that includes one or more partners who have limited liability.

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limited partnership

A partnership in which some of the partners have a limited liability to the firm's creditors. Compare general partnership. See also master limited partnership (MLP).

What type of investor should participate in a limited partnership?

The target market for investors who could participate in most limited partnerships is composed of high net worth clients who have tax problems and significant income. An investor who participates in such a partnership should understand that most limited partnerships are illiquid investments having no public market. In addition, the investor must ask himself or herself whether use can be made of the anticipated benefits and whether the high economic risk can be sustained.

George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA