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Limited Partnership

Limited Partnership

  • Term

    Main definition

  • Limited Partnership

    A legal entity organized under state law that elects the tax treatment of a partnership, is composed of a general partner and various limited partners, is the most common organizational form adopted by venture capital funds, and is formed through the filing of a charter (typically called a Certificate of Limited Partnership). The partnership is also evidenced by the signing of a Limited Partnership Agreement.  See also , Limited Partner and Pass-Through Entity.

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