A limited partnership must consist of one or more persons called 'general partners', who are liable for all debts and obligations of the firm1, and one or more persons called 'limited partners'2. Each limited partner in a limited partnership that is not a private fund limited partnership3 must, at the time of entering into the partnership, contribute to the partnership a sum or sums as capital or property valued at a stated amount, and is not liable for the debts or obligations of the firm beyond the amount so contributed4. A limited partner in a private fund limited partnership
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234