Limited partner

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Related to Limited partnerships: Master Limited Partnerships

Limited partner

A partner who has limited legal liability for the obligations of the partnership.

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.

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.

References in periodicals archive ?
Acta's original investors, Greylock Limited Partnerships and US Venture Partners, both headquartered in Menlo Park, Calif.
Biskind added that, "The newly formed limited partnership, DDRC Great Northern Limited Partnership will have the opportunity to update the tenant mix and the center itself.
The Silver Energy Limited Partnership contains approximately $505,000 cash and owns certain land in the Silverdale area of Saskatchewan and the Kaybob Limited Partnership contains approximately $255,000 cash and the right to earn an interest on certain lands in the Kaybob area of Alberta.
This is not the first time that a nationwide brokerage firm has been the subject of serious litigation involving the sale of proprietary limited partnership investment interests to its clients.
As a result of the above, we expect to see growth in cash flows generated by all of these limited partnerships over the next 12 months.
As tax-shelter limited partnerships became popular, the government lost two important decisions--Zuckman v.
An investment in limited partnership units ("Units") of the Partnership were exchanged on a tax-deferred basis for Explorer Series Shares with equal value pursuant to an asset purchase agreement dated December 5, 2005 between the Partnership and the Mutual Fund Corporation.
If a partnership recently converted to an LLC, will bifurcated general and limited partnership interests be aggregated in determining whether a member's distributive share of partnership income is subject to SE tax?
Thornburg, BIC, BT Venture Partners, BT Venture Corporation and the limited partnerships are parties to a certain Acquisition Agreement entered into on May 18, 1993, with Boddie-Noell Restaurant Properties, Inc.
Accordingly, a couple (or single person) can transfer assets into a family limited partnership and give limited partnership interests to relatives or friends, putting the gifted limited partnership interests beyond the reach of the spouse's creditors.
SCL is also the promoter of Stone 2004 and 2005 Flow-Through Limited Partnerships.
701-2(d), containing the partnership anti-abuse rules, omitted former Examples 5 and 6, relating to family limited partnerships and gift tax issues that were in the previous version of these regulations.

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