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 ?
And I still have all my vinyl records from each and every one of them
and will also feature giveaways of signed vinyl records from Megan Trainor, Gregg Allman and more.
It wasn't until the 1930s that RCA Victor company introduced the first commercially available, long-playing vinyl record (About Vinyl Records, 2014).
He began importing records from abroad and trying to find more albums in Lebanon, which was not an easy task because music stores normally only stock small numbers of such vinyl records.
Cloud, Record Store Day--conceived in 2007 as a way promote independently owned record stores--was April 20 and was once again a success for customers in the hunt for vinyl records.
The Delhi concert, which is a follow- up of the project, will include artists such as Dualist Inquiry, The Supersonics, Ankur and the Ghalat Family, as well as upcoming bands like The Vinyl Records and The Lightyears Explode.
For more information on Vinyl Record transfers to digital, or any type of conversion to digital, contact Larsen Digital Services at www.
Best Buy is testing vinyl record sales at some of its stores, and online book and music retailer Amazon.
From 2006 to 2010, vinyl record sales rose over 300% and are still rising.
Musician Jack White is gearing up to be the first person to play a vinyl record in space.
The group, which has several stores across Huddersfield, added that the vinyl record comeback was also helping its non-food sales - with the chain now the biggest vinyl retailer on the high street, with an 8% market share.
VINYL record sales are on track to almost double this year as young collectors discover the joy of LPs.