answersLogoWhite

0


Best Answer

Limited Partnership. It's a legal entity that is somewhere between a Partnership and a corporation. A limited partner cannot be held responsible for more company debt than his equity in the company. If you buy shares in a limited partnership, you may lose all of your investment, but the partnership's creditors cannot take you home and other assets.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar
More answers
User Avatar

AnswerBot

2w ago

'LP' commonly stands for Limited Partnership when referring to a company structure. This means that the company has both general partners who manage the business and limited partners who invest but have limited liability.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does 'LP' mean when referring to a company?
Write your answer...
Submit
Still have questions?
magnify glass
imp