LP

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LP

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.
References in periodicals archive ?
Bostwick noted in 1937 a contrast between phonograph records and radio:
130, 131, 132, 135; it is the noblest and ultimately also the most gratifying task in the entire field of phonograph records of chamber music.
Cataloging is based on MLA's 1941-42 Code for Cataloging Music, and the 1942 Code for Cataloging Phonograph Records.
Our view of the galaxy is normally limited, as though the Milky Way were a dusty, rapidly spinning phonograph record and we were trapped on its surface.
The message, which he called a ``bottle cast into the cosmic ocean,'' is in the form of a 12-inch copper phonograph record inserted in an aluminum protective jacket attached to the outside of the spacecraft.
Taken together, the assembled rings look like a prickly phonograph record.
The "voice" of the condom is activated by running one's fingernail down a strip on the underside of the condom, the way a phonograph record is activated by a needle running along the groove.
Hubble, which by then should have received corrective optics to compensate for its flawed primary mirror, may be able to discern Pan (with a radius of about 10 km) sticking above or below the plane of the rings like a bug on a phonograph record, Showalter says.
Failure may also strike when, for some starting values, the procedure gets sidetracked and, like a stuck needle on a phonograph record, ends up oscillating between two numbers, neither of which is a root.
If the sending antenna is put on a turntable and spun like a phonograph record, the receiving antenna will no longer see the signal because "spin" has been added to the signal being sent.
Diamond Cut Audio Restoration Tools 32: Cleans up clicks and pops from phonograph record source audio, removes hiss from cassette and reel to reel tape, and enhances CD audio recordings.
Finding music by African Americans on early phonograph records is more difficult than one might surmise.