A limited partnership agreement is a legal document that outlines the relationship between general partners and limited partners in a business venture. In a limited partnership, general partners manage the business and are personally liable for its debts, while limited partners contribute capital and share in profits but have limited liability. This article provides three diverse examples of limited partnership agreements to illustrate their structure and purpose in different contexts.
In this scenario, a group of investors seeks to pool their resources to invest in real estate properties, forming a limited partnership. The general partner manages the investments, while the limited partners provide capital.
The limited partnership agreement details the contributions of each partner, the management structure, profit-sharing ratios, and the duration of the partnership.
Example:
Limited Partnership Agreement
**This Limited Partnership Agreement (