Limited Partner
/ˈlɪmɪtɪd ˈpɑːrtnər/
Definitions
- (n.) A partner in a limited partnership whose liability for the partnership's debts is limited to the amount of their investment.
The limited partner contributed capital but did not participate in day-to-day management.
Forms
- limited partners
Related terms
See also
Commentary
Limited partners typically have no management authority to maintain their limited liability status.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.