Limited Partnership
DataModel:CDQ/Business Partner/Legal Form/Legal Form Category/LF004
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | LF004
|
| Language-specific name. Monolingual name | Limited Partnership (en) |
| Language-specific short name. Monolingual short name | Ltd.Ps. (en) |
| Informal and comprehensive human-readable definition of a concept. Description | A limited partnership is a business structure that consists of at least one general partner, who assumes unlimited liability, and one or more limited partners, who are only liable up to the amount they invest. While general partners manage the business, limited partners typically do not participate in management. |