Partnerships

Limited Partnership Agreement

Establishes a limited partnership with general and limited partners.

About This Template

A Limited Partnership Agreement defines the roles and obligations of general partners (who manage the business and bear unlimited liability) and limited partners (who contribute capital but have limited liability and management involvement). It covers capital calls, profit distributions, reporting, and transfer restrictions.

When to Use This Template

  • Establishing a real estate or investment fund
  • Creating a limited partnership for tax planning
  • Raising capital through limited partnership interests

Key Components

1GP and LP Roles
2Capital Contributions and Calls
3Profit Distributions
4Management Authority
5Reporting Requirements
6Transfer Restrictions
7Dissolution
8Liability Limitations

Common Industries

Real EstateInvestmentFinancial Services

How to Use This Template in Fortva

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