What does lp mean?

LP (limited partner) generally refers to limited partner.

Limited partners, that is, institutional investors and individual investors such as enterprises or financial and insurance institutions that participate in the investment, or those who are legally converted into limited partners with the unanimous consent of other partners, are legally recognized as partners of persons without civil capacity or with limited civil capacity. These people only bear limited liability.

A limited partner may contribute capital in cash, in kind, intellectual property rights, land use rights or other property rights at a fixed price. A limited partner may not contribute capital with labor services.

The limited partner shall pay the capital contribution in full and on time according to the partnership agreement; If it fails to pay in full and on time, it shall bear the obligation to repay the money and bear the liability for breach of contract to other partners.

A limited partner shall not represent the limited partnership enterprise externally without performing partnership affairs.

A limited partner may conduct transactions with the limited partnership enterprise; However, unless otherwise agreed in the partnership agreement.

A limited partner may engage in business that competes with this limited partnership alone or in cooperation with others; However, unless otherwise agreed in the partnership agreement.

A limited partner may pledge his share of property in a limited partnership; However, unless otherwise agreed in the partnership agreement.

A limited partner may, in accordance with the partnership agreement, transfer his share of the property in the limited partnership to a person other than the partner, but shall notify the other partners 30 days in advance.

References:

Baidu encyclopedia? Limited partner