What is a limited partnership (LP)?

What is a limited partnership (LP)?



In one of my first classes at Full Sail I had an assignment to look up words that had to do with business. I subscribed to BusinessDictionary.com at the time. The sight sends "the word of the day to my email."

 If you have any questions you do not understand pertaining to business, management or marketing, they provide a platform to ask your questions. I've really utilized their tips and find everything I read on this sight very informative. Today's article states the pros and cons of a limited partnership. There's so much I wish I knew before I opened my first business that I'll be sure to know this time around.