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Glossary Definition

What is a Limited Partnership?

A limited partnership is a partnership where a general partner runs the business, and the limited partner(s) does not manage the business. The general partner’s liability for the business debt is unlimited, whereas the limited partner(s)’s liability is limited up to the amount they invested in the business.

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Corvee Blog

Read the latest tax planning thought leadership from Corvee.

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Tax Planning Strategies

Our team of tax experts has scoured tax rules and regulations to create detailed tax strategies you can use to find savings for your clients.

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