Definition for : Limited share partnerships, LSP

A limited Share partnership is a company whose Share capital is divided into Shares, but with two types of partners: several limited partners with the status of Shareholders, whose liability is limited to the amount of their Investment in the company; and one or more general partners (they are usually senior managers of the LSP), who are Jointly and severally liable, to an unlimited extent, for the debts of the comeld Option Notes

(See Chapter 40 Setting up a company or financing start-ups of the Vernimmen)

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