limited partnership

(redirected from Societe en Commandite)
Also found in: Dictionary, Legal, Encyclopedia.
Related to Societe en Commandite: Societe en Commandite par Actions, Société en commandite par actions

Limited partnership

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

Limited Partnership

A business model in which at least one general partner and at least one limited partner share a business' ownership. In a limited partnership, the general partner does not usually make invest any capital, but has management authority and unlimited liability. That is, the general partner runs the business and, in the event of bankruptcy, is responsible for all debts not paid or discharged. The limited partners have no management authority and confine their participation to their capital investment. That is, limited partners invest a certain amount of money and have nothing else to do with the business. However, their liability is limited to the amount of the investment. In the worst case scenario for a limited partner, he/she loses what he/she invested. Profits are divided between general and limited partners according to an arrangement formed at the creation of the partnership.

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.
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

Limited partnership.

A limited partnership is a financial affiliation that includes at least one general partner and a number of limited partners. The partnership invests in a venture, such as real estate development or oil exploration, for financial gain.

The arrangement can be public, which means you can buy into the partnership through a brokerage firm, or private.

What makes it a limited partnership is that everyone but the general partners has limited liability. The most the limited partners can lose is the amount they invest.

limited partnership

A partnership agreement in which one person acts as the general partner, with unlimited liability for all partnership debts,and all other investors have a status similar to stockholders. Such people, called limited partners, may lose their investment if there is a loss to the project,but no creditor may reach their personal assets.The vehicle was much more popular before tax law changes took away most of the tax advantages of real property syndications.

References in periodicals archive ?
Canwest" or the "Company") announced that, further to its news release issued earlier today, its subsidiary Canwest Limited Partnership / Canwest Societe en Commandite (the "Limited Partnership") and certain of its subsidiaries (collectively, the "LP Entities"), have voluntarily commenced proceedings under the Companies' Creditors Arrangement Act ("CCAA"), having successfully obtained an Initial Order from the Ontario Superior Court of Justice (Commercial Division) (the "Court").
With the strength of its 750 employees, Telebec, Societe en commandite and its subsidiaries offer integrated and innovative telecommunications solutions in 300 Quebec municipalities.
TSX VENTURE:GZZ) announces that it has closed a third private placement totaling $200,000 in gross proceeds with Sidex, Societe en Commandite ("SIDEX")
A total of 2,636,363 units of SIRIOS, for gross proceeds to the Company of $ 290,000, have been subscribed by SOCIETE DE DEVELOPPEMENT DE LA BAIE JAMES, FONDS REGIONAL DE SOLIDARITE FTQ NORD-DU-QUEBEC and "SODEMEX II Societe en commandite.
SIDEX, societe en commandite ("SIDEX"), a limited partnership established by the Government of Quebec and the Solidarity Fund QFL, has subscribed for 635,000 units.
TSX:ER) is pleased to announce the closing of a $500,000 private placement with SIDEX, societe en commandite, LP, a Quebec mining fund.

Full browser ?