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 ?
I take up Linley's challenge, develop Harrington's and Prins's hypotheses, and build on Kreilkamp's research as I identify multifaceted new connections between the voice of the phonograph and the version of voice produced in Victorian lyric poems.
General said the phonograph arrived in Ligao at a time when Gen.
The circulation of pianola rolls and of phonograph records has also been proposed, with the same end in view, and has even been tried experimentally in one or two places.
Complimenting the authors of the book that traces the journey of Indian sound recording from the era of phonographs and wax cylinder recordings of early 1900s, the minister told the authors, "You have done a huge documentation work, worthy of highest praise.
Music, Sound, and Technology in America is a thought-provoking collection of more than 120 primary documents that chronicle the development and subsequent uses of three technologies that profoundly reshaped people's relationship to sound and music in the period between the late nineteenth and early twentieth centuries: the phonograph, film sound and radio.
American Thomas Edison produced the first crude talking machine in 1877 as an aid to stenographers which resulted in him patenting the phonograph, a spring-driven machine capable of replaying recorded sound on small, tube-like cylinders.
Until recently, the accepted orthodoxy about Percy Grainger's use of the phonograph and his relations with the Folk-Song Society (FSS) was that the society was wholly opposed to the machine's use.
The curious canine was fascinated by his new master''s musical phonograph, something which struck Barraud as quite whimsical.
As the Victorian era gave way to the modern mechanization of the 20th century, the phonograph emerged as a compelling form of home entertainment.
1888: The first record company, the North American Phonograph Company, was founded in Pittsburg, Pennsylvania, by businessman Jesse L Lippincott.
A phonograph in every home; the evolution of the American recording industry, 1900-19.
He grew up to become the father of 1000+ inventions, including the phonograph and light bulb.