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Source Limited Partnerships Limited Partnerships Matched to this deck.

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Investors want to form a business in which one person will manage operations and another will contribute capital without taking part in day-to-day management. They ask what is generally required to create a limited partnership rather than an ordinary general partnership.
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A limited partnership is formed only when a court declares it formed. A limited partnership can be formed by any two people orally agreeing to share profits, with no public filing. A limited partnership generally requires at least one general partner, at least one limited partner, and a required public filing. A limited partnership is the same entity form as a limited liability company.

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