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Code · Wisconsin · Chapter 179 — Uniform limited partnership law

179.0110 Nature, purpose, and duration of limited partnership.

63 words·~1 min read·/wi/chapter-179/179-0110

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

179.0110 Nature, purpose, and duration of limited partnership.
(1)A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether its certificate states that the limited partnership is a limited liability limited partnership.
(2)A limited partnership may have any lawful purpose, regardless of whether for profit.
(3)A limited partnership has perpetual duration.
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