What can a limited partner contribute to the partnership?

Prepare for the Partnership Law Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

A limited partner can contribute money and/or property to the partnership, which aligns with the correct option. This is essential to the nature of limited partnerships, where limited partners are primarily investors who assume a level of limited liability based on their investment. They typically contribute capital in the form of money or property, which can also include tangible assets such as real estate, equipment, or intellectual property. The contribution does not extend to services because limited partners are not involved in the day-to-day management or operation of the partnership and are meant to provide capital rather than active participation.

In contrast, contributions of services do not qualify as valid contributions by limited partners, as they would be stepping outside the bounds of their liability protection and could inadvertently affect their limited status. This distinction means that while general partners may contribute services, limited partners are restricted to monetary and property contributions.

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