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When is the limited partnership business type most commonly used?

April 26, 2017Business Commonly limited partnership type Used

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When is the limited partnership business type most commonly used?

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The limited partnership (LP) structure is especially appealing to types of businesses where a single, limited-term project is the focus, such as real estate or the film industry. LPs can also be used as a form of estate planning in that parents can retain control of their business while transferring interest to their children.