Partnership With Limited Partners

From Open Risk Manual

Definition

Partnership With Limited Partners. A partnership having limited partners, that is partners whose liabilities are limited to the extent of their equity or guarantees


Issues and Challenges

Possibly but not necessarily a Legal Person. If there are only Limited Partners then this is of necessity a Legal Person (no-one else has liability in this structure).

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.