Limited liability partnership: Difference between revisions

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(Created page with "A favourite means of structuring a {{tag|hedge fund}} which in the last decade or so has also become popular among law firms, now the partners are allowed limit their liabilit...")
 
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====Hedge funds====
====Hedge funds====
Some types of fund (particularly [[private equity funds]]) are structured as a [[general partner]], who acts also as the [[investment advisor]] and a number of [[limited partners]] who are the investors in the fund. The [[general partner]] has unlimited liability, but will be itself a [[thinly capitalised|thin capitalisation]] limited liability corporation, so actually is fully limited in its liability.
Some types of fund (particularly [[private equity funds]]) are structured as a [[general partner]], who acts also as the [[investment advisor]] and a number of [[limited partners]] who are the investors in the fund. The [[general partner]] has unlimited liability, but will be itself a [[thin capitalisation|thinly capitalised]] [[Limited liability company|limited liability company]], so actually is fully limited in its liability.


===Law firms===
===Law firms===
Who cares about law firms?
Who cares about law firms?