【印刷可能】 a limited partnership must have at least one 312473-A limited partnership must have at least one

A Limited Partnership (LP) is comprised of at least one General Partner and at least one Limited Partner This is a business vehicle introduced by ACRA in 09 Pros and Cons of Limited Partnership A corporate body can act as a Limited Partner or General Partner Liability of Limited Partner is restricted to capital contributed

A limited partnership must have at least one-A member of a limited liability company has the most management rights of any of the parties listed A minority shareholder in a corporation has no management rights (and neither does a majority shareholder) A limited partner has no daytoday management rights but may have some rights in extraordinary circumstances TriState Partnership has a fiscal year ending June 30 The partnership's four partners have the following ownership percentages and fiscal years Boulder 40% Owner March 31 Granite 30% Owner December 31 Shale % Owner June 30 Slate 10% Owner June 30 Assuming the partnership does not make a Sec 444 election and does not establish a business purpose