A Limited Partnership is designed for limited liability for the limited partners and asset protection. Limited partners may have their liability limited to only the amount of their investment. A Limited Partnership, with the appropriate clauses and provisions, may afford protection against judgements and liens. In the event of a charging order (lien), the general partner may elect to distribute no earnings, accumulating all earnings in the limited partner's capital account, for business purposes.

More Cambridge Financial Resources:

• Limited Liability Partnership Agreements
  
• Limited LPO
  
• Limited Liability Partnerships & Venture Capital By Region
  
• Limited Liability Partnerships By Industry
  

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