[ems215]

In a limited partnership, do limited partners have a share of the partnership assets or do they belong 100% to the general partner?

If there is a loan from a limited partner to the partnership, the LP has the entire share? is that right?

[chandler]

No the assets don't belong 100% to the general partner. Often, you'll see that the GP has only a nominal capital interest in the LP (1% is VERY common in practice). Not sure I understand your second question about the LP having the entire share?

Chandler Priest

Licensed TX CPA

REG 01/27/18 - 98

BEC 03/03/18 - 96

AUD 04/07/18 - 91

FAR 06/02/18 -96

[ems215]

if the limited partner makes a loan to the partnership, then he has owns that loan, the GP doesn't owe a share of the loan?

[Author]

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