A Limited Partnership is a form of partnership which has one or
more general partners and one or more limited partners.
The general partners are essentially in the same legal position
in a conventional firm. They have management control,
share the right
to use partnership property, share the profits of the
firm in predefined
proportions, and have joint and several liabilities for
the debts of the partnership.
The general partners have actual authority as agents of the firm
to bind all
the other partners in contracts with third parties that
are in the ordinary course
of the partnership's business.
General partners therefore carry more liability, and in cases of
the general partners will usually be liable.
Like shareholders in a company, limited partners have limited
they are only liable on debts incurred by the firm to
the extent of their
registered investment and provided that they have no
The general partners pay the limited partners a return on their
(similar to a dividend), the nature and extent of which
is usually defined
in the partnership agreement.
Typically, at least one General Partner ought to be an
Main uses of the Limited
International tax planning, asset protection, vehicle for
and venture structures and vehicle for Mutual Funds
a vehicle highly suitable for international joint venture
Suitable for investors who want to participate in partnership
fixed monetary amount and enjoy fully the benefit of
limited liability, in the
same time not needing to have a role in management of
The main advantage of a Limited Partnership is that it is tax
taxes in the country of legislation.
Time to Establish
4 days depending on the complexity
We specialise in setting up Limited
Partnerships in the following jurisdictions