Limited partnerships

A limited partnership is any partnership that includes one or more limited partners amongst its members. It is not the same as a limited liability partnership.

The limited partners' responsibility to pay the partnership's debts is limited to the amount that they have invested in the company. However, if they withdraw any of their investment or take part in the management of the partnership, they lose this protection.

Further advice

Setting up a limited partnership brings many obligations. Higgisons can advise you in this regard - please contact us.