Limited Partnership: What Is a Limited Partnership, and How to Form One – Priyanka Prakash

What is a limited partnership? A limited partnership is a partnership in which there are two types of partners: general and limited partners. General partners manage the business and are jointly liable for the debts and obligations of the business. Limited partners have limited liability for business debts and obligations but don’t actively manage the…

Priyanka Prakash writes for NerdWallet. Email: wpguestuser+pprakash@nerdwallet.com.

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