Limited partner (LP) is an investor in a limited partnership. The general partner is liable for the actions of the partnership while the limited partners are generally protected from legal actions and any losses beyond their original investment. The limited partner receives income, capital gains and tax benefits.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). Limited partner (LP). Retrieved September 20, 2026, from http://smartdefine.org/limited_partner_(lp)/definitions/1157258 |
| Chicago | Barry Goldsmith. 2010. "Limited partner (LP)" http://smartdefine.org/limited_partner_(lp)/definitions/1157258 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, Limited partner (LP), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/limited_partner_(lp)/definitions/1157258>. |
| MLA | Barry Goldsmith. "Limited partner (LP)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/limited_partner_(lp)/definitions/1157258> |