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About: Limited partnerships in England and Wales     Goto   Sponge   NotDistinct   Permalink

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In the United Kingdom, a limited partnership consists of: * one or more persons called general partners, who are liable for all debts and obligations of the firm; and * one or more persons called limited partners, who contribute a sum/sums of money as capital, or property valued at a stated amount. Limited partners are not liable for the debts and obligations of the firm beyond the amount contributed. Limited partners may not: