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2. Limited partnership - Wikipedia

   en.wikipedia.org/wiki/Limited_partnership

   A limited partnership (LP) is a type of partnership with general partners who have a right to manage the business and limited partners who have no right to manage the business but have only limited liability for its debts. [1] Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability.

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. Partnership - Wikipedia

   en.wikipedia.org/wiki/Partnership

   The limited partnership (LP) is a partnership in which general partners manage the partnership's operations, and limited partners forego the right to manage the business in exchange for limited liability for the partnership debts. The liability of limited partners is limited to their investment in the partnership.

5. 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 ...

6. Side letter (contract law) - Wikipedia

   en.wikipedia.org/wiki/Side_letter_(contract_law)

   Side letters may also be used in relation to private fund contracts, for example a particular investor may wish to vary the terms of a limited partnership agreement with respect to that particular investor. An investor might be seeking more favourable terms under the contract or might need the side letter to enter the venture under terms to ...

7. Is a Real Estate Limited Partnership (RELP) a Good ... - AOL

   www.aol.com/finance/real-estate-limited...

   A real estate limited partnership (RELP) is a specialized investment structure comprising general partners responsible for actively managing a property, and limited partners or passive investors ...