Limited Partnerships

As part of the ongoing effort to improve Mississippi’s business entity statutes, the Limited Partnerships Study Group was formed to review Mississippi’s limited partnership laws and to recommend any needed reforms. A limited partnership is a type of business entity comprised of two or more partners who operate or manage a business together. Every limited partnership (LP) has two types of partners: general partners and limited partners. Approximately 1500 domestic limited partnerships are in good standing with the Mississippi Secretary of State’s Office. 


Limited​ Partnerships study group meeting #1 (August 13,2014)