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Limited Partnership

If you are planning to start a company with a partner, opting for the limited partnership is your best choice. It is easy to establish and requires no minimum capital.

A general partnership consists of two or more natural persons who together form a corporation to run a trade, manufacturing, or other commercial business. All partners are jointly liable, with no limitations towards the company's creditors.

 

Requirements
  • Number of persons: a minimum of two natural persons
Advantages
  • No minimum capital necessary
  • Flexible circumstances of the business relationship (distribution of profit, activity)
Disadvantages
  • Jointly unlimited liability of the partners
  • No unemployment compensation

 

calculate costs and found limited partnership