Probably when considering the legal form for your business, which is a limited partnership, you are wondering how to start it.

If this legal form arouses your interest and you want to learn more, we encourage you to read this post!

A limited partnership is a commercial partnership with legal capacity, which means that the partnership may:

  • acquire rights on their own behalf,
  • incur obligations,
  • hire employees,
  • acquire real estate,
  • be a party to the loan.

If you want to create a limited partnership, you must bear in mind that it must include at least two partners – one of them must be a limited partner and the other a general partner.

You are probably wondering who is a limited partner and who is a general partner? We already explain!

The limited partner is a representative (partner) of the company only as its attorney. He is only responsible for the company’s obligations up to the amount of the limited liability.

For a change, a general partner is a so-called active partner who is responsible for the obligations of the limited partnership without restrictions – with all his assets! It should also be remembered that this is the person managing the company, responsible for representation and decision making.

Another interesting issue for you may be the registration of a limited partnership – to do this, two conditions must be met:

  • enter into a partnership agreement (one of the partners must be a general partner, the other a limited partner),
  • register the company in the National Court Register.

Limited partnership is established upon registration in the National Court Register.

To be able to enter into a limited partnership, it must be in the form of a notarial deed. Such a contract must contain information such as:

  • company name and registered office,
  • subject of the company’s activity,
  • duration of the company (if specified),
  • designation of contributions made by individual partners and their value
  • limited liability sum.

Message us!