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A limited partnership (LP) is a form of partnership similar to a general partnership, except that where a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner.The GPs are, in all major respects, in the same legal position as partners in a conventional firm, i.e.

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  • A limited partnership (LP) is a form of partnership similar to a general partnership, except that where a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner.The GPs are, in all major respects, in the same legal position as partners in a conventional firm, i.e.
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