Limited partner

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Limited partner

A partner who has limited legal liability for the obligations of the partnership.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Limited Partner

In a company, one who shares with at least one other partner, jointly and severally, a business' ownership. Limited partners exist in limited partnerships and limited liability partnerships, but in both situations they are only liable for the capital they have invested in case of bankruptcy. In limited partnerships, the limited partners have no management authority and confine their participation to their capital investment. In limited liability partnerships, all partners are limited and therefore at least some have management authority. Profits are divided among limited partners according to an arrangement formed at the creation of the partnership.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Limited partner.

A limited partner is a member of a partnership whose only financial risk is the amount he or she has invested.

In contrast, all the assets of the general partner or partners, including those held outside the partnership, could be vulnerable to claims brought by the partnership's creditors.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
The regulations nevertheless deem limited partnerships subject to statutes conforming with the ULPA to lack centralized management unless the limited partnership is substantially owned by the limited partners. Where limited partners have a substantial interest in a partnership, the general partners are deemed to be representatives of the limited partners, merely managing the partnership on their behalf.
It is important for any limited partner to ascertain from whom the property is actually being purchased; i.e., is it an independent party or a party related to the general partner?
Limited partners in limited partnerships have an additional hurdle to prove that they are "materially participating." Sec.
Treasury attempted to define "limited partner" for the purpose of Sec.
1402(a)(13) further provides that earnings from partnerships that are attributed to a limited partner are excluded from the definition of self-employment income unless the limited partner receives a guaranteed payment for services rendered to or on behalf of the partnership.
Net income for the nine months ended September 30, 2008 is USD109.0m, or USD2.09 of adjusted net income per diluted limited partner unit, compared to net income of USD130.5m, or USD2.89 of adjusted net income per diluted limited partner unit for the 2007 same period.
M2 EQUITYBITES-July 6, 2016-Navatar launches limited partner investment platform for institutional investors
2010-23.) These cases concluded that a member of an LLC or an LLP who can exercise management authority is not automatically treated as a limited partner for purposes of applying the Sec.
The company will distribute USD0.425 per limited partner unit, or USD1.70 per limited partner unit on an annualised basis, payable on August 14, 2008 to unit holders of record on August 11, 2008.
M2 EQUITYBITES-April 25, 2016-Delek Logistics Partners announces 15.1% higher distribution of USD0.61 per limited partner unit for quarter over 2015

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