Who Signs A Limited Partnership Agreement

21 Dec

First, in the Anglo-Saxon world, the most common corporate vehicle for the creation and operation of a private equity fund is the Limited Partnership (LP). For its creation, LP needs two or more partners, divided into two different categories: Limited Partners (LP) on the one hand, and General Partners (GPs) on the other, when the former have a limited liability that extends only to the amount of investment committed, while the latter are indefinitely responsible for the company`s obligations. The clear distribution of roles and skills between family physicians and family physicians, as well as the simplicity of the tax structure and transparency granted in many legal systems, make limited partnership an ideal instrument for private equity and venture capital activities. Before signing, it is recommended that you confirm the legal names of the business partners who enter into the agreement on behalf of the partnership with the business register, or if the partner is an individual, taking into account the identity of the person issued by the government (preferably two pieces of identification, one of which contains a photo) and confirming that the spelling of his name on his ID corresponds to that used in the signature block. It is also recommended to create a photocopy of the identification provided by the person and to keep the photocopy with your file. See also: General Partnership Agreement Model For limited partnerships, the general partner is likely to be the party that enters into agreements on behalf of the partnership. In this scenario, list the legal name of the limited partnership, the legal name of the partner and the conclusion of Kompledochner`s contract. As in the introductory paragraph for capital companies, you close the company`s freedom of decision for creation according to the legal name of the company, followed by an address for the company to which communications can be distributed. A form of general partnership is a joint venture, a partnership that exists only until a specific goal is achieved. Limited partnerships differ from other types of partnerships, as partners have limited liability for their company`s debts.