Graw, Stephen (2018) Limited partnerships. In: Sue, Shannon J., (ed.) Partnerships and Joint Ventures. Halsbury's Laws of Australia . LexisNexis Butterworths, Sydney, pp. 556395-556418.

PDF (Published Version) - Published Version Restricted to Repository staff only

Abstract

[Extract] Limited partnerships may be formed in all jurisdictions except the Australian Capital Territory and the Northern Territory.1They are comprised of at least one limited partner and at least one general partner.2Limited partners are partners who contribute to the capital of the partnership but who do not take part in its management, who cannot bind the firm3and whose liability to contribute to the debts or obligations of the partnership is limited to their capital contribution.4General partners are all partners who are not limited partners.5The obligations of general partners in a limited partnership are similar to those of partners in an ordinary partnership and their liability Page 190 is unlimited.6Limited partners can become general partners and general partners can become limited partners, pro-vided there is at least one general partner remaining to carry on the firm's business.7If they do, the limitation of their liability will be varied accordingly.8Regulations may be made by the respective State Governors under the limited partnerships legislation.

Item ID:	53290
Item Type:	Book Chapter (Later Edition)
ISBN:	978-0-409-30467-1
Keywords:	limited partnerships; or, formation of limited partnerships; or, dissolution of limited partnerships; winding-up of limited partnerships
Related URLs:	https://researchonline.jcu.edu.au/20847/
Additional Information:	An earlier version of this publication is available through ResearchOnline at the related URL.
Date Deposited:	24 Jul 2018 04:36
FoR Codes:	18 LAW AND LEGAL STUDIES > 1801 Law > 180109 Corporations and Associations Law @ 100%
SEO Codes:	94 LAW, POLITICS AND COMMUNITY SERVICES > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified @ 100%
Downloads:	Total: 1
	More Statistics