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 ?
According the Providence Journal article, Thomas Cave, head of the FCC Radio Intelligence Division listening post atop the hill, led Gavrilovic and his party on a tour of the site.
Though the Listening Post Project survey does not include higher education hospitals, it can provide timely on pressing issues, said Salamon.
It features design work such as a stack of vintage televisions, a CD listening post, and displays of concerts and events they have set-up.
Government listening post GCHQ has praised amateur code-breakers who have been circulating the key to one of its challenges on the internet.
The ruling will also apply to MI6 and the Government's top listening post and information gathering centre, GCHQ.
STATE-BACKED RTE's main radio station is still the most popular listening post in the land, according to new figures.
All of Europe is aflame over the NSA's Echelon program, a worldwide eavesdropping operation with a listening post outside London.
These two functions are: 1) Gathering information regarding an unrelated crime,(38) or 2) acting as a listening post.(39)
The development of Chicksands from a monastery to a noble estate to a super-secret RAF/USAF listening post shows the installation's unique history, one well worth reading.
The listening post on the country's westernmost inhabited island is slightly over 100 km east of Taiwan and almost 150 km south of the flash point Senkaku Islands.
They exposed details of major data-harvesting operations by government listening post GCHQ and its US counterpart, the National Security Agency.
GERMANY'S foreign ministry yesterday summoned Britain's ambassador in Berlin after reports the embassy was used as a secret listening post.