limited partner

A limited partner is the partner in a limited partnership A business entity which consists of one or more general partners and one or more limited partners.
» Meer over limited partnership limited partnership (formed under the Law) who is not involved with the daily operations of the business but acts as a capital investor. He stays at the background. He does not have rights to manage the company. The management and daily operations is the responsibility of the general partner(s).

Limited partnership

A limited partnership (or: LP)  is a business entity which consists of one or more general partners and one or more limited partners. Unlike the limited partner, the general partner In the Netherlands a general partner refers the partner in a limited partnership that is responsible for the daily operations of the business.
» Meer over general partner general partner is responsible for running the company. If there are more than one general partners they form among themselves a general partnership (under the Law).

Unlike a limited company, a limited partnership is not a separate legal person and has no separate capital. This means that the partners are personally liable for debts.