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Limited Partnerships

California

Benefits

  • Limited liability

  • Simplicity of organization

  • Allows certain participants  limited partners.

  • Real estate operations usually choose this entity

  • Allows passive investors to invest in the company without being liable for more than their capital contribution.

  • A general partner, however remains fully liable if he participates in the day to day operations.

  • The best way to limit the General Partner's liability is to have corporation as a general partner.

  • The limited partner  is not liable  unless he is  a general partner and / or participates in the "control" of the business.