Limited partnerships

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  • Limited Partnerships
    • Their liability for the debts of the partnerships limited to the capital they have put in
    • Must be registered with the Registrar of Companies
    • Not liable for the debts
    • All the partners can't be limited partners so there must be at least 1 general partner with unlimited liability
    • Arent allowed to take part in the management of the partnership or have the power to make the partnership take a decision
    • Aren't allowed to take out/receive back any of their contribution to the partnership during its lifetime

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