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LSDefine

Simple English definitions for legal terms

special partner

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A quick definition of special partner:

A special partner is someone who invests in a business and receives a share of the profits, but does not take part in managing the business and is not responsible for any debts beyond their original investment. They are also known as a limited partner.

A more thorough explanation:

Definition: A special partner is a type of partner in a business who receives profits from the business but does not take part in managing the business and is not liable for any amount greater than their original investment. They are also known as a limited partner.

Example: John invests $10,000 in a business with his friend, Sarah. John is a special partner because he does not take part in managing the business, but he receives a share of the profits. If the business incurs debts or liabilities, John is only liable for the $10,000 he invested and not for any additional amounts.

This example illustrates the definition of a special partner because John is not involved in the day-to-day operations of the business and is only responsible for the amount he invested. This type of partnership is common in businesses where one partner provides the capital, and the other partner manages the business.

special-order calendar | special partnership

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14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
14:13
its a bum-ass law school but LSD really needs to update UCLawSF's name
14:13
whose manager can I call about that
lilypadfrog
14:14
I think the people in charge don’t come on here anymore but you can email them if you really care like that
14:14
yeah true that. Although I prefer Hastings just because it is easy to differentiate from U of SF
renard99
14:14
There's a lot on this site that doesn't work and for maybe $5k I'd be more than willing to fix it
14:14
send bid proposal Renard
renard99
14:14
But as Lilypad said it's probably just maintained atp, no major updates
14:15
fwiw all the UCLSF students I know still basically say hastings. even the huge crest in the foyer still says hastings
renard99
14:15
@llama: Man I'd be more than happy to
14:15
LSD is in decay age of social network
renard99
14:15
^LMAO yeah
renard99
14:15
Basically accepted atp that I'm gonna have to R&R so might as well take up some jobs while I'm at it
14:15
sad. imagine being here in 2005/2010 when it was 100 operational. woe is me
@llama: back when 160s meant t14
14:16
born too late to experience full LSD born too soon to explore the galaxy
14:16
^ gets it
lilypadfrog
14:16
https://www.lsd.law/users/creep/cryptanon this is one of the guys who made the website
14:16
@lilypadfrog: wow more recent than i would have wagered
14:17
how is it so that I creep a rando and their app year is 2005-2005?
14:17
2005-2006* for example
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