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What is meant by a limited partnership?

Limited Partnership [LP] A limited partnership is a partnership consisting of a general partner, who manages the business and has unlimited personal liability for the debts and obligations of the partnership, and one or more limited partners, who have limited liability but cannot participate in management.

What makes someone a limited partner?

A limited partner has purchased shares in the partnership as an investment but is not involved in its day-to-day business. Limited partners cannot incur obligations on behalf of the partnership, participate in daily operations, or manage the operation.

How do I reserve my brand name?

A name can be reserved for a period of 60 days. For faster service, name reservations can be submitted online through our enhanced online services at bizfileOnline.sos.ca.gov. The reservation can be renewed to the same applicant or for the benefit of the same party, but not for consecutive 60-day periods.

How long is a business name reserved in Kenya?

The approval for a reserved Company Name lasts for 30 days It can be renewed for a further 30 days if necessary. Renewal is applied for at the Attorney Generals office.

How long does it take for business name registration to be approved?

Current Procedure for Company Registration in Nigeria The name search takes about 24 to 48 hours to be completed. If the name is approved, the CAC will issue an Approval Note indicating the name has been reserved for registration for the applicant.

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