You will need to be registered to operate as an incorporated limited partnership. A partnership is an entity comprised of two or more people that jointly carries on business for profit.
An incorporated limited partnership is a special corporate form of partnership primarily established for people engaged in high-risk venture capital projects. It is an organisation that is a legally separate entity from its partners, and must have at least one general partner, and one or more limited partners.
General partners have unlimited liability, whereas limited partners liability is limited to the amount they have agreed to contribute to the partnership. Limited partners are passive investors and cannot be involved in the management of the business.
You should seek expert legal advice before establishing an incorporated limited partnership.
