A limited partnership is a financial affiliation that includes at least one general partner and a number of limited partners. The partnership invests in a venture, such as real estate development or oil exploration, for financial gain.
The arrangement can be public, which means you can buy into the partnership through a brokerage firm, or private.
What makes it a limited partnership is that everyone but the general partners has limited liability. The most the limited partners can lose is the amount they invest.
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- Accredited investor, Blind pool, Closely held, Limited partner, Private equity, Privatization, Public company, Startup, Venture capital (VC)
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