WalterGreene
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pm | | Re: What is Limited Partnership Fund? (12th Nov 22 at 4:13pm UTC) | | Functions of a limited partnership
The primary function of a limited partnership is to increase the partners' chances of increasing their individual gains and security compared to what they would gain if operating individually. Entering into a partnership agreement can also allow the partners to balance the weaknesses and capitalize on the strengths of each: one of the partners may bring significant financial assets, another may be able to offer well-developed manufacturing facilities, while another may have done so has a wide customer network etc.
Apart from that, limited partnerships have no special functions and differ from other legal forms primarily in the distribution of roles between the partners. A limited partnership can engage in any type of business activity including trade, services, manufacturing, etc.
https://www.confiduss.com/en/services/incorporation/structure/limited-partnership/ | |
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