Limited partners
Who can be a limited partner in a limited partnership
Under the Limited Partnership Act 2008, any individual, New Zealand registered company, or other registered entity (including a limited partnership or overseas limited partnership) may be a limited partner of a limited partnership.
Limited partner liabilities
A limited partner is liable only for the debts and liabilities of the limited partnership to the value of their financial contribution — provided they have not been involved in the management of the limited partnership.
Please refer to Schedule 1 of the Limited Partnerships Act 2008 for a full list of activities that aren't considered to constitute taking part in the management of a limited partnership.
Related articles
Other guides in
About limited partnerships
- What a limited partnership is
- General partners, requirements and disqualifications
- Powers of the Registrar
- General partner, promoter and manager prohibition
- Making a complaint about a general partner
