US EditionRepresentative Mandate: Limited Liability of Limited Partners in a Limited Partnership - Gascon Et Associés: Montreal Law Firm
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Limited liability of limited partners: a protection that requires qualification One of the major attractions of the limited partnership (“LPC”) is the limited liability offered to limited partners. In principle, they are only liable up to the amount of their contribution to the common fund, which makes it a popular structure for investors wishing to support a project without being exposed to management risks. What is meant by agreed “contributio…
·Quebec City, Canada
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