Limited Partnership

Limited Partnership is two or several partners united to conduct a profitable business jointly, and in which a number of of the partners is liable only to this extent of how much cash that partner offers invested. Limited partners will not receive dividends, but enjoy direct access to the move of income and expenses. A limited partnership is a partnership similar with a general partnership, except that the place where a general partnership need to have at least a couple of general partners, a limited partnership must have at least one GP and at least one limited partner.