Limited Partnership Agreement

How To Use

Limited partnership agreements provide certain tax benefits for the general partner and the limiteds.

Consider it as a different form of a corporation when entering into such a deal. Consult your accountant and lawyer about the technical aspects of such an enterprise.

  • Make multiple copies. Keep one in a home safe or safety deposit box. Give one to each general and limited partner. Be sure to get all limiteds to sign the Exhibit or counter original copies.