A partnership in which there is one general partner and one or more limited partners. The limited partners are liable only to the extent of their capital contribution to the partnership. The general partner has unlimited liability.
Limited Partnership – Definition
300 views. Posted by Franchisee on March 8th, 2009
Posted in Definitions 
Tags: capital contribution, extent, general partner, limited partners, limited partnership, unlimited liabilityYou can skip to the end and leave a response. Pinging is currently not allowed.