Net Lawman
New Zealand (Change)
Basket items
  View Sample Document Front cover
Product ID: NZ-CPptn08

Limited partnership agreement

Professionally drawn agreement to set up a partnership under the Limited Partnerships Act 2008. This form of agreement is used most commonly for high risk ventures in property, finance, mining or research, where one or more partners is a limited company. A limited partnership enables a single partner to carry the liability. There is minimal requirement for registration or submission of returns. Secrecy can be maintained. The general partner who is at risk may have few assets.
Price NZ$79
  • Solicitor approved
  • Plain English makes editing easy
  • Guidance notes included
  • Money back guarantee
About
Preview
Why from us
Ask a question
Customer reviews

About this document

The  Limited Partnerships Act 2008 enables you to set up a trading vehicle where only one partner can be liable if things go wrong.

This Professionally drawn agreement is very flexible, so that you can easily edit it to suit the arrangements you have in mind. It is used most commonly for high risk ventures in property, finance, mining or research, or for ventures abroad, where there may be political risk. A limited partnership enables a single partner to carry the liability. That partner may be a limited company with little or no assets, so preserving the assets of other partners. Often, all partners are companies.

The registration requirement is very light. There is no requirement for submission of returns. Secrecy can be maintained.

Application and features

  • Assumes partnership business relates to a single project, short or long term;
  • Assumes that a corporate general partner will manage the business;
  • Suitable for any type of business;
  • Written in plain English.

Contents

  • Basic partnership provisions;
  • Limited partnership particulars;
  • Management of the business;
  • Banking arrangements;
  • Records and accounts;
  • General partners undertaking;
  • Restrictions on general partner;
  • Partnership shares;
  • Capital;
  • Loans to the partnership;
  • Meetings and voting;
  • On a partner leaving;
  • Duration and termination;
  • Other legal provisions.
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current New Zealand law.

What Our Clients Say

  • "I have found Net Lawman perfect for my needs and saved me thousand of dollars in legal fees getting a lawyer to produce these douc's from scratch. I have used three of the Net Lawman doc's to basically write up the NDA, contract, Non Solicitation agreements to a level of being 95% complete and then used my lawyer to sign off. My lawyer even commented how complete these doc's are.

    Thanks guys, great service/product.

    Cheers Dean"

    Dean Harper

  • "I found the documents easy to use and great value. I feel the service is easy to use and good value for money"

    Sean McNicholas

  • "...Yes very useful. I understand the terminology etc as I've seen a fair few legal docs before. Notes are very helpful. Gives me some base insight without the expense of a solicitor! "

    John K