Limited Partnership – General – United States
Related United States Legal Forms
A limited partnership is a partnership in which the business is managed by one or more general partners and is provided with capital by limited partners who do not participate in management but who share in profits and whose individual liability is limited to the amount of their respective capital contributions
A family limited partnership is a partnership in which the partners are members of a family and one or more family members are general partners, with other family members as limited partners.
The forms are based on the Uniform Limited Partnership Act, as adopted in all states. The completed by the Uniform Law Commissioners in 1976, and amended in 1985. The original Limited Partnership Act was completed in 1916 and adopted in 49 states and the District of Columbia.
STATE ADOPTIONS OF ULPA (1976):
STATE ADOPTIONS OF ULPA (1976) WITH 1985 AMENDMENTS:
District of Columbia
US Virgin Islands
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