Professional Documents
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General Partner Vs Limited Partner
General Partner Vs Limited Partner
1 Number
2 Liability
3 Voting right
4 Management right
5 Profit distribution
CAPITAL
8
CONTRIBUTION
Art 180.3 A general partner must not transfer part or all of his/her
stake in the company to another organization or individual unless it
is accepted by the other general partners.
Article 180
- must not be the owner of a sole proprietorship, must not be a
general partner of another partnership unless it is accepted by the
other general partners.
- must not, in their own names or others’ names, do business in the
same busines lines as those of the partnership for personal gain or to
serve the interests of another organization or individual.
- must not transfer part or all of his/her stake in the company to
another organization or individual unless it is accepted by the other
general partners.
Article 177
b) A general partner shall be an individual whose liability for the
company’s obligations is equal to all of his/her assets;
=> Individual
Limited partner
Art. 177 . Limited liability partners shall only be liable for the
debts of the company to the extent of the amount of capital they
have contributed to the company
=> limited liablity
Article 187
Transfer their stakes to other persons => free to transfer without
any requirement
have no limitation for limited partner
Article 177
c) A limited partner can be an organization or an individual whose
liability for the company’s debts is equal to the promised capital
contribution.
=> individual/organization