Limited Partnership


Ownership: 

-          The LLP consist of two or more persons, at least one of them shall be a General Partner and the other shall be a Limited Partner.

-          A Limited Partner ONLY contributes in the company’s capital with the intent to share both profits and losses.

Name:

-          Named after the name of its General Partners ONLY, followed by “Co”.

Management:

•       The partnership agreement states which General Partner(s) will have the right to manage and sign on behalf of the company.

•       A third party may be appointed to manage.

•       Limited Partner cannot act as the company’s Director or sign on behalf of the company in all cases.

 


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