1. A limited partnership comprises both limited and full partners. 2. Assuming a free choice becomes possible, it is difficult to foresee any great increase in the numbers of limited partnerships. 3. Most of the normal rules outlined above concerning partnerships are relevant to the limited partnership, but with some crucial differences. 4. Rules relating to limited partnerships are in line with the provisions of other similar legislations. 5. The protection which is conferred by a limited partnership leads to extra rules of law. 6. History is no longer a limited partnership or enterprise between these two groups. 7. If institutional investors are involved, the buy-out vehicle could be a limited partnership, to afford the institutions limited liability. 8. Among the company prospectuses to be covered would be those for stock and bond offerings, mergers and limited partnerships, she said. |