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2. Limited partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_partnership

   The limited partnership provides the limited partners a return on their investment (similar to a dividend), the nature and extent of which is usually defined in the partnership agreement. General Partners thus bear more economic risk than do limited partners, and in cases of financial loss, the GPs will be the ones which are personally liable.

3. List of legal entity types by country - Wikipedia

   en.wikipedia.org/wiki/List_of_legal_entity_types...

   GP (General Partnership): Either a formal structure with a partnership agreement, or an informal structure, in which case the Partnerships Act for the province will apply; LP (Limited Partnership): An investment structure, limiting both the liability and the participation of the investor.

4. Limited liability limited partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_limited...

   The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership. The LLLP form of business entity is recognized under United States commercial law . An LLLP is a limited partnership , and it consists of one or more general partners who are liable for the obligations of the entity, as well as or more ...

5. Uniform Limited Partnership Act - Wikipedia

   en.wikipedia.org/.../Uniform_Limited_Partnership_Act

   (ULPA is also an acronym for ultra-low penetration air (ULPA) filters.) The Uniform Limited Partnership Act (ULPA), which includes its 1976 revision called the Revised Uniform Limited Partnership Act (RULPA), is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of business partnerships by U.S ...

6. Do Only Rich Families Have a Family Limited Partnership? - AOL

   www.aol.com/only-rich-families-family-limited...

   A family limited partnership (FLP) is a complex structure that serves a strategic purpose for individuals desiring to manage and protect family assets, limit liability and potentially secure tax ...

7. Family Limited Partnership - Wikipedia

   en.wikipedia.org/wiki/Family_Limited_Partnership

   Limited Partners have an economic interest in the FLP, but typically lack two noteworthy rights: control and marketability. Limited Partners have no ability to control, direct, or otherwise influence the operations of the FLP. They can neither buy additional assets, nor sell existing assets, and they cannot act on the Partnership's behalf.