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In a limited partnership the general partners manage the firm while the limited partners may not. And should limited partners do so, then they become personally liable for the debts of obligations of the firm in the same manner as a general partner.
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between the partners demand otherwise, (1) a majority of the general partners decide ordinary business matters, (2) a limited partner may assign his partnership interest, (3) a limited partner cannot
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In a general partnership all partners are general partners so each one is liable for all debts and obligations of the firm.
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a partnership, (4) the introduction of a new partner does not require the consent of the existing limited partners.
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46:. However, if this business entity fails to register with the Registrar of Companies, then it becomes a
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as "the relation between persons carrying on a business in common with a view of profit" and is not a
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206:"Limited/General Partnerships in Hong Kong | Advantages & Disadvantages"
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Hong Kong
Limited Partnerships Ordinance, Chapter 37, section 5(1)-(2)
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Hong Kong
Limited Partnerships Ordinance, Chapter 37, sections 3 - 4
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Hong Kong
Limited Partnerships Ordinance, Chapter 37, section 3(2)
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Hong Kong
Limited Partnerships Ordinance, Chapter 37, section 6
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Hong Kong
Limited Partnerships Ordinance, Chapter 37, section 4
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are liable only for the capital they contributed to the firm.
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it takes the form of a limited partnership defined in the
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22:in Hong Kong is a business entity formed by the
38:. If the business entity registers with the
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70:and obligations of the firm while the
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192:Partnership taxation (Hong Kong)
44:Limited Partnerships Ordinance
1:
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246:Types of business entity
40:Registrar of Companies
24:Partnerships Ordinance
83:partnership agreement
241:Chinese business law
36:incorporated company
210:The Sovereign Group
93:General partnership
66:are liable for all
60:limited partnership
54:Limited partnership
48:general partnership
32:joint stock company
26:, which defines a
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236:Law of Hong Kong
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72:limited partners
64:general partners
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50:as a default.
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251:Partnerships
213:. Retrieved
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187:Partnership
28:partnership
20:partnership
230:Categories
215:31 October
81:Unless a
181:See also
87:dissolve
34:or an
101:Notes
68:debts
58:In a
217:2016
62:the
232::
208:.
119:^
18:A
219:.
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