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 ?
In accordance with the IHS diagnostic criteria, headache usually begins within 48 hours from the puncture and spontaneously disappears within 1 week (Rodriques & Roy, 2007).
Vehicle owners can then follow the simple instructions to find out if the puncture is in an area of the tyre tread which is possible to repair.
Primary versus secondary tracheoesophageal puncture in salvage total laryngectomy following chemoradiation.
A decent set should last ages, but don't let the tread wear too thin as grip will suffer, it can cost you points on your licence and you'll be more likely to pick up punctures.
As we were chatting another car went past with a puncture.
The skin puncture procedure was repeated until the subject received one puncture from each of the four devices.
Whitmarsh said: "He had a puncture on the slow-down lap as well as the one earlier so we were lucky in that regard.
In one study, it was observed that potassium values were not significantly different using skin puncture vs.
These platforms and their protruding nails and sharp edges puncture the roof skin, and allow much heavier loads which cause the foam bonding between the outer roof and the inner ceiling to separate and eventually destroy the supporting spot-welds.
Chemix in Halesowen, however, have now received full Michelin accreditation for the supply and fit, including puncture repairs, of Pax tyres.