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 ?
Regarding the acneiform eruption, 33.3 Percent had been taking steroids followed by vitamin B complex in 25 Percent and oral contraceptives in 16.7 Percent.
THE FAT KID HOTSPOTS 1 Penkridge West, South Staffordshire: 38 per cent 2 Beacon, Bromsgrove: 35.2 per cent 3 Park, Telford and Wrekin: 33.3 per cent 4 Arleston, Telford and Wrekin: 33.3 per cent 5 West Bromwich Central, Sandwell: 29.5 per cent.
<National debt outlook for 2011~15> 2011 2012 2013 2014 2015 National debt (trillion won) 422.7 448.2 460.0 466.4 471.6 Debt-to- GDP ratio (%) 33.3 32.8 31.3 29.6 27.9
The Treasury released its domestic borrowing strategy report for April-June 2011 and said it would pay back 33.3 billion TL of debt, including 29 billion TL of domestic debt, in the mentioned months.
WEEK FIVE RESULTS: 1 John Rankin and Todd Gillespie (31.8 net); 2 Jojo Tan and Charlie Azucena (32.8 net); 3 Les Cranston and Madden Broadbent (33.3 net); 4 Kevin Ross and Ray Bruhn (33.7 net); 5 Bijan Majidi and Murtuz Zamanly (33.9 net).
The three aftershocks' epicenter was almost the same - 96.2 degree east longitude and 33.3 degree north latitude.
Most states apportion corporate income in one of three ways: equal weights on each of the three factors (all receive 33.3 percent weight), double weight on the sales factor (payroll and property each receive a 25 percent weight and sales a 50 percent weight), or full weight on sales (sales receive 100 percent).
hedge fund Steel Partners said Tuesday it is withdrawing a bid to acquire 33.3 percent of voting shares in Sapporo Holdings Ltd.
Disturbingly dark, it'll harsh your mellow like you were listening to a Laughing Hyenas 45 on 33.3 while submerged in warm tar.
Korean Air also said it was aiming to post KRW240 billion (USD$259 million) in pre-tax profit in 2007, up 33.3 percent from this year's expected KRW180 billion (USD$194.2 million), before foreign exchange conversions.
The replacement light truck tire market segment is projected to decrease by approximately 7.6% to 33.3 million units in 2006.