A limited partner's liability is restricted to their investment in the partnership. Governed by the Limited Partnership Act 1907, limited partnerships involve one or more limited partners alongside general partners.
A Limited Partnership (LP) is a business structure that features both general partners who bear unlimited liability and limited partners whose liability is restricted to their investment.
A Real Estate Limited Partnership (RELP) is a business entity specifically established for investing in real estate. It involves direct investment in property with defined roles for general partners (GPs) and limited partners (LPs).
A Partner is a member of a partnership, which may be a syndicate, association, pool, joint venture, or other unincorporated organization. Partners generally include in their personal tax returns their pro rata share of partnership ordinary income, capital gain, charitable contributions, etc.
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