Transfer of Limited Partnership Interest
Transfer of limited partnership interest is allowed as long as the general partner consents to the arrangement.3 min read
Transfer of limited partnership interest is allowed as long as the general partner consents to the arrangement and it is done in concert with the established partnership agreement. A common example of a limited partnership is the family limited partnership, which is often created to administer a family business.
What Is a Limited Partnership?
Two or more individuals that are starting a business together can do so by creating a limited partnership agreement. This document establishes guidelines for dividing income, interest, and control of the business. This can also be created as a holding company for investments, real estate, or other assets.