limited partnership


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Related to limited partnership: Master limited partnership

limited partnership

n.
A business partnership in which the liability of some of the partners is limited to the capital those partners have invested.

lim′ited part′nership


n.
a partnership in which the liability of at least one of the partners is limited to the amount that partner has invested. Compare general partnership.
[1905–10]
References in periodicals archive ?
Under this doctrine Midland, not MAS One, would be entitled to claim a loss on the sale of the Clearwater Tower under the limited partnership agreement.
A typical family limited partnership (FLP) is an excellent estate planning tool.
A limited partnership or limited liability company has several advantages for all involved parties.
So it made it viable and feasible for us to develop this limited partnership, called Wasaya Petroleum Limited Partnership.
The tender offer is conditioned upon, among other things, there being validly tendered by the expiration time of the tender offer and not withdrawn a number of units of limited partnership interest which represents, with respect to each Fidelity limited partnership, at least one percent (1%) of the total number of issued and outstanding units of such limited partnership.
In a limited partnership, only the general partner does not have limited liability.
The emergence of the limited partnership as the dominant form of intermediary is a result of the extreme information asymmetries and potential incentive problems that arise in the private equity market.
Independent of the "business purpose" concern is the fact that on the authority of two recent California cases, interests in a limited partnership can indeed be foreclosed upon if it can be done without interfering with the business of the partnership.
Among the forms that Canadian business activities may take are corporations, limited liability companies (LLCs) and regular or limited partnerships.
469-5T(e)(3), a partnership interest is a limited partnership interest if the holder of such interest (for obligations of the partnership) is limited, under the law of the state in which the partnership is organized, to a determinable fixed amount.
EOP Operating Limited Partnership is a Delaware limited partnership through which Equity Office conducts substantially all of its business and owns, either directly or indirectly through subsidiaries, substantially all of its assets.
However, letter ruling 200107025 recently stated that the acquisition of stock by a limited partnership and an LLC would not terminate a corporation's S election.
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