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Limited Partnerships Act 1907 (1907 c 24)

The Limited Partnerships Act 1907 establishes the framework for the formation of limited partnerships in the United Kingdom. It distinguishes between general partners, who manage the business and are liable for all its debts, and limited partners, who contribute capital but have liability limited to their investment. This legislation was enacted to attract investment by mitigating risk for passive investors. Key provisions include the requirement for registration at Companies House, restrictions on the involvement of limited partners in management, and the protection of their limited liability status. This Act facilitated entrepreneurial ventures by offering a flexible business structure.

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Limited Partnerships Act 1907 (1907 c 24)

The Limited Partnerships Act 1907 establishes the framework for the formation of limited partnerships in the United Kingdom. It distinguishes between general partners, who manage the business and are liable for all its debts, and limited partners, who contribute capital but have liability limited to their investment. This legislation was enacted to attract investment by mitigating risk for passive investors. Key provisions include the requirement for registration at Companies House, restrictions on the involvement of limited partners in management, and the protection of their limited liability status. This Act facilitated entrepreneurial ventures by offering a flexible business structure.

Quick and comprehensive access to the most accurate, up-to-date legislation.

ÑÇÖÞÉ«ÇéÍø traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Limited Partnerships Act 1907 (1907 c 24)

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