from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A partnership in which some of the partners have a limited liability to the firm's creditors.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A form of partnership similar to a general partnership, except that in addition to one or more general partners and one or more limited partners.
from the GNU version of the Collaborative International Dictionary of English
- n. a form of partnership in which the firm consists of one or more general partners, jointly and severally responsible as ordinary partners, and one or more special partners, who are not liable for the debts of the partnership beyond the amount of cash they contribute as capital.
Sorry, no etymologies found.
The limited liability company (LLC) and the limited partnership (LP) are blessed with the charging-order rule.
The original FilmDallas Investment Fund was structured as a private limited partnership organized under Regulation D of the Securities and Exchange Commission code.
The limited partnership structure or LLC, Limited Liability Company was chosen in order to limit financial liability on the part of the investors to no more than their individual investment.
The best way to find a good private-placement limited partnership is to visit the best accountants and attorneys in your area and ask them what they are recommending to their best clients.
The entities and techniques that people of wealth use are: corporations, limited-liability companies (LLC), limited partnership (LC), and ERISA-qualified pension plans like the profit-sharing plan (which includes the 401 (k)) and defined benefit plan (ERISAstands for Employee Retirement Income Security Act).