Take a look at the unique benefits and key features of the limited partnership structure, the special requirements for formation, the rights and obligations of general and limited partners, what happens when investors mistakenly believe they are limited partners, and a brief overview of the limited liability partnership.
Welcome to our lesson on limited partnerships.
In this clip, we’ll begin with an overview of limited partnerships and talk about the benefits and key features of this business structure. Next, we’ll turn to the special requirements that must be met to form a limited partnership. We’ll go over the rights and obligations of general partners, what it means to be a limited partner, and what happens when an investor mistakenly believes that he or she is a limited partner. Finally, we’ll take a...